Conrad Black Taking Fight With SEC To 7th Circ.

Law360, New York (December 11, 2012, 3:41 PM EST) -- Newspaper magnate Conrad Black said Friday he was asking the Seventh Circuit to overturn penalties of more than $6 million in a U.S. Securities and Exchange Commission suit accusing Black of illicitly profiting from sales of newspaper entities by his defunct company and concealing the scheme from shareholders.

Black is appealing an October ruling that would force him to disgorge $3,819,689 in compensation and $2,321,220 in prejudgment interest, according to documents filed in Illinois federal court. He is also appealing a series of injunctions that would...
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

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.