We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hollinger Pays $21M To Settle With SEC

Law360 (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...
To view the full article, register now.
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.