Conrad Black Taking Fight With SEC To 7th Circ.

Law360, New York (December 11, 2012, 3:41 PM EST) -- Newspaper magnate Conrad Black said Friday he was asking the Seventh Circuit to overturn penalties of more than $6 million in a U.S. Securities and Exchange Commission suit accusing Black of illicitly profiting from sales of newspaper entities by his defunct company and concealing the scheme from shareholders.

Black is appealing an October ruling that would force him to disgorge $3,819,689 in compensation and $2,321,220 in prejudgment interest, according to documents filed in Illinois federal court. He is also appealing a series of injunctions that would...
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