Conrad Black Rips SEC's 'Staggering' $10M Penalty Request

Law360, New York (August 24, 2012, 3:32 PM EDT) -- Fallen newspaper magnate Conrad Black on Thursday lashed out at the U.S. Securities and Exchange Commission for requesting that an Illinois federal judge boost civil penalties against him to more than $10 million, saying he had already been punished “more than enough” for his fraud conviction.

Accusing Black of a “lack of repentance,” the SEC last month filed a motion in Illinois federal court that seeks $4.1 million in triple-tier civil penalties, in addition to the $3.8 million in disgorgement that Black has already been ordered...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

SEC v. Black, et al


Case Number

1:04-cv-07377

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable William T. Hart

Date Filed

November 15, 2004

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.