Conrad Black Accused Of Insider-Trading Scheme

Law360, New York (January 9, 2007, 12:00 AM EST) -- Government prosecutors have accused fallen media baron Conrad Black of engaging in insider-trading in 1998 to prop up the share price for his Chicago-based publishing company during an underwriting.

According to new charges filed Monday in the ongoing case, Black conspired to make the trades with co-defendant John Boultbee, a former executive vice president of publisher Hollinger International Inc.

The government alleges Black and Boultbee arranged for a third party, a Canadian asset management company called Brascan Corp., to buy up Hollinger’s shares at the same...
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