• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2008 / September / 29 / Court Grants SEC Partial Summary Judgment in Case Against Conrad Black

Court Grants SEC Partial Summary Judgment in Case Against Conrad Black

By Securities Docket on September 29, 2008, 6:46 am

Conrad Black

Judge William Hart of the U.S. District Court for the Northern District of Illinois ruled Thursday that former Hollinger International Inc. chairman Conrad Black violated U.S. securities laws by making false statements about the company’s dealings.  Hart granted partial judgment to the SEC in the case, according to Bloomberg. Black is now serving a 6 1/2 year prison sentence.

Black was convicted in July 2007 conviction for his role in the theft of $6.1 million from Hollinger.  The court ruled that “A reasonable factfinder could only conclude that it is substantially likely that a reasonable investor would view $6,100,000 in unauthorized payments to officers and directors as significantly altering the total mix of information available.”

According to Alex Bourelly, Black’s attorney in the case, the parties are continuing to exchange evidence in preparation for trial on remaining SEC allegations against Black, and no date for that trial has been set.

Read the Bloomberg article

Blog Widget by LinkWithin

Posted in SEC | Tagged Features, Financial Fraud

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.