District Court, S.D. New York September 18, 2012, Nos. 11 Civ. 4917 (PGG), 11 Civ. 5073 (PGG), 11 Civ. 5556 (PGG) (Shields v. Murdoch)

MEMORANDUM OPINION & ORDER

PAUL G. GARDEPHE, District Judge:

Gregory L. Shields, G.E. Stricklin, and Iron Workers Mid-South Pension Fund (“Iron Workers”) have filed shareholder derivative actions against a group of News Corporation directors and officers (collectively, the “News Corp. Defendants”) alleging, inter alia, violations of Section 14(a) of the Securities Exchange Act of 1934, 15 U.S.C.