Britain's Prince Harry settled a longrunning libel lawsuit against British tabloids owned by Rupert Murdoch, who also owns Fox News and newspapers in the U.S. CBS News' Imtiaz Tyab has more.

Harry had presented the lawsuit as a moral crusade and a legal reckoning for Rupert Murdoch’s media empire. In the end, he joined hundreds of other claimants in agreeing to avoid a full trial.

Prince Harry is set to go where scores of other public figures who accused Rupert Murdoch’s UK tabloid newspapers of phone hacking have not: take on the financial risk of challenging his media empire at trial.

A trial begins Tuesday over complaints filed by Prince Harry and a senior British lawmaker against Rupert Murdoch's tabloid newspapers. The trial carries high stakes on both sides of the Atlantic.