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A lord laid low in a Delaware court.

Authors :
Macklem, Katherine
Source :
Maclean's. 3/8/2004, Vol. 117 Issue 10, p13-13. 2/3p. 1 Color Photograph.
Publication Year :
2004

Abstract

This article reports on the court case of Conrad Black, former CEO of publishing company, Hollinger International, Inc. In the wake of his ouster last November as CEO, Black secretly agreed to sell International's parent company, Hollinger Inc. The deal, for $605.5 million to the U.K.'s twin Barclay brothers, would have thwarted the board's strategy to look for buyers of International's papers. So the board asked the court to block Black's deal. Other legal battles include a case that aims to force Black, Hollinger Inc. and other executives to repay US$200 million to Hollinger International. Also, Black is suing International board members, claiming he's been made a "social leper."

Details

Language :
English
ISSN :
00249262
Volume :
117
Issue :
10
Database :
Academic Search Index
Journal :
Maclean's
Publication Type :
Periodical
Accession number :
12421282