Hollinger Pays $21M To Settle With SEC

Law360, New York (March 25, 2008, 12:00 AM EDT) -- Scandal-ridden Hollinger Inc. has decided to fork over $21.3 million to the U.S. Securities & Exchange Commission to settle charges of liability in connection with the fraud allegedly perpetrated by former CEO Lord Conrad Black and other top company officials.

The SEC revealed the multimillion-dollar payout on Tuesday, with the former media giant, now known as the Sun-Times Media Group, neither admitting nor denying the charges leveled.

"This settlement represents one further step forward in Hollinger's efforts to resolve its outstanding regulatory and compliance issues and...
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