SEC Loses Bid For More Penalties In Conrad Black Case

Law360, New York (October 11, 2012, 5:40 PM EDT) -- An Illinois federal judge Tuesday denied a request by the U.S. Securities and Exchange Commission to impose $4.1 million in additional penalties on fallen newspaper magnate Conrad Black for his role in a scheme that precipitated the downfall of his Hollinger Inc. media empire and his subsequent fraud conviction.

In a final judgment order, U.S. District Judge William T. Hart ruled that while Black must disgorge $3,819,689 in compensation and pay $2,321,220 in prejudgment interest in the SEC suit accusing Black of violating the Securities and...
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