Law360, New York (July 6, 2006, 12:00 AM EDT) -- The blame game over alleged corporate looting at Hollinger International Inc. heated up Thursday with a countersuit by the publisher’s top shareholder, Hollinger Inc. The publisher, owner of the Chicago Sun-Times and other newspapers, stands accused of stripping Hollinger Inc. of its assets to enrich top executives.
The countersuit’s allegations are similar to those found in Hollinger International’s January 2004 complaint against Hollinger Inc.—namely, that the company manipulated the sale of assets to rip off investors.
But “Inc.” now claims it was the first victim of...
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