Lachlan Murdoch’s reputation in Australia is that of a “loser” who throws Xmas parties for other losers he employs. Onetel,& Ch 10, saw him lose millions and had him run to daddy in the US. Appointed CEO of Fox Corp he has cost billion plus but nevertheless bought a $100mill house to throw parties in LA no doubt. Now, this Goliath of a wannabe alpha-male has backed down from his threat to Crikey the David in a legal battle and will not only be liable for the majority of the costs but for further actions against the company. Lawyers love the schmuck does anyone else?

Matthew Collins KC, a barrister specialising in media law and a former Australian Bar Association president, said Murdoch was liable for most of the costs. “While every case is different, the costs that are recoverable by a party following a discontinuance of proceedings are typically in the range of two-thirds to three-quarters of the actual costs of the party,” he said.

Source: National Times – The mouse that roared: how a little Australian… | Facebook