And Heller has brought his do-it-yourself spirit to the new enterprise: Instead of paying a lawyer to set up the S corporation, as he'd done when he started Z-Code, Heller did it himself on the Internet, using one of the commercial incorporation sites, like Incorporate.com.

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John Whittingdale, its chairman, said the committee wanted to first hear evidence from other witnesses, including former senior News Corporation executive Les Hinton and Mark Lewis, the lawyer representing alleged phone-hacking victims.

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Lawyers for the Irish Bank Resolution Corporation (IBRC) claim the two men - a lawyer and an economist - as representatives of a mysterious offshore company, ignored an injunction against any transfer of debts surrounding the mall.

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The NYSE could have filed a lawsuit itself had it chosen to do so, as there is no legal barrier to a not-for-profit corporation suing its own officers or directors, according to Leo Crowley, a lawyer at Pillsbury Winthrop who has litigated in this area.

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