Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Saturday, April 28, 2007

Black Criminal Trial Still Going On

The criminal trial of Conrad Black, former Chair of Hollinger International is still going on, just having completed its sixth week of testimony.  All the members of the Audit Committee have or will be testifying, with the central issue being whether they were lied to or whether they were inattentive.  Marie-Joseph Kravis, an economist who is usually identified as the wife of Henry Kravis, and Richard Burt testified this week; James R. Thompson, former Illinois governor, is also expected to testify.  At issue are millions of dollars in non-compete payments that were paid to Black and other individuals instead of to the company.  See NYTimes, Ex-Hollinger Audit Panel Member Testifies.

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