SEC Drops Probe Into Former Hollinger Directors

Law360, New York (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...
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