News Corp. Admitted Phone Hacking Cover-Up, Hacking Victims Say

So why isn't Murdoch being prosecuted:

The British newspaper arm of Rupert Murdoch's News Corp has acknowledged to victims that executives covered up the scale of illegal activity by destroying evidence and lying to investigators, victims' lawyers said on Thursday.

In a statement that could further damage the company's reputation, lawyers for victims who have reached settlements said the agreements were based on News Group Newspapers acknowledging senior executives tried to hide evidence.

"News Group has agreed to compensation being assessed on the basis that senior employees and directors of NGN knew about the wrongdoing and sought to conceal it by deliberately deceiving investigators and destroying evidence," the statement said.

The lawyers issued the statement on Thursday as they prepared to tell a judge in a London court that many of the most high-profile victims - who include sports stars, actors and politicians - were ready to settle their claims.

The court was told that 19 of the first 26 cases have entered into formal settlement agreements.

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