Sun-Times Settles With Shareholders For $30M

Law360, New York (August 1, 2007, 12:00 AM EDT) -- Sun-Times Media Group Inc., formerly Hollinger International Inc., will pay $30 million to put to rest the deluge of securities class actions filed in the wake of the scandals surrounding ex-CEO Conrad Black, the company said Tuesday.

If approved by the courts, the settlement will wipe out the multidistrict litigation that has been pending in the U.S. District Court for the Northern District of Illinois, as well as similar suits in Saskatchewan, Quebec and Ontario, Canada.

The class actions filed in the United States in 2004...
To view the full article, register now.