Second Plea Bargain Reached In Hollinger Case

Law360, New York (January 8, 2007, 12:00 AM EST) -- Ravelston Inc., the former holding company of media mogul Conrad Black, has struck a deal with federal prosecutors, agreeing to plead guilty to criminal charges relating to the accounting fraud at parent company Hollinger International.

Ravelston has agreed to plead guilty to one count of criminal fraud, for which it will pay a $7 million fine. The company also agreed to cooperate with prosecutors’ investigation of Black, who has been implicated in the looting of Hollinger, the publishing company that was home to the Chicago Sun-Times...
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