We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Drops Probe Into Former Hollinger Directors

Law360 (October 20, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has decided to let former Illinois Governor James Thompson off the hook, opting not to file a suit against the politician for his role in the Hollinger International scandal.

Thompson served on Hollinger’s board of directors, and was a member of the media company’s audit committee.

The SEC had been investigating the members of the audit committee, including Thompson, former U.S. ambassador to Germany Rickard Burt, and Marie-Josee Kravis, for their alleged failure to oversee Hollinger’s finances.

All three served...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.