In Landmark Deal, Law Firm To Pay $30.2M Over Fraud

Law360, New York (December 8, 2005, 12:00 AM EST) -- A Canadian law firm has agreed to hand over more than $30 million to its former client, newspaper publisher Hollinger International Inc., in what amounts to the largest payment by a North American law firm to settle allegations it failed to act in its client’s best interests.

Hollinger’s board of directors claimed Toronto-based Torys LLC and its attorneys were partially liable for the alleged scheme by former Hollinger executives, including former chief executive officer Lord Conrad Black, to swindle more than $80 million from the company....
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