Friday, March 16, 2007
The Securities and Exchange Commission announced today that it has settled its enforcement action against F. David Radler, the former Deputy Chairman and COO of Hollinger International, Inc., pending in the U.S. District Court, Northern District of Illinois. Under the terms of the settlement, Radler is ordered to pay approximately $23.7 million in disgorgement and prejudgment interest;
ordered to pay a $5 million civil penalty; barred from serving as an officer or director of a public company; and enjoined from violations of the antifraud, proxy, books and records, reporting, and internal control provisions of the federal securities laws.
The criminal trial against Lord Conrad Black, former Chair of Hollinger Int'l, is underway in Chicago.