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Article: Hollinger International wins ruling against Black
- Article from:
- Jerusalem Post
- Article date:
- May 21, 2004
- Author:
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JEF FEELEY, Bloomberg
Jerusalem Post
05-21-2004
Headline: Hollinger International wins ruling against Black
Byline: JEF FEELEY, Bloomberg
Edition; Daily
Section: Economics
Page: 15
Friday, May 21, 2004 -- NEW YORK - A judge ordered former Hollinger International Inc. Chairman Conrad Black and others to return at least $24 million in payments that had been questioned by the company's board, a lawyer said.
Delaware Chancery Court Judge Leo Strine ruled Hollinger International officials proved Black violated an agreement not to sell his controlling stake in the company while other bids were sought, said Martin Flumenbaum, one of Hollinger's lawyers. The accord also obligated Black and his holding ...