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Conrad Black Fights On
Filed in archive corporate crime by leon on March 30, 2006
Conrad Black Fights On
Check this Chicago Tribune account about the legal tussle over newspaper tycoon Conrad black's papers.

When the Securities and Exchange Commission filed a civil lawsuit alleging Black and his No.2 David Radler had violated U.S. securities laws, and when the SEC asked Black's attorneys to hand over all the documents relating to that suit, Black did the extraordinary.

He turned up with his limo, chauffeur and an assistant at the office in Toronto and drove off with 13 boxes. As one does.

Problem was that it was all caught on a security camera and the Canadian courts forced him to return the boxes. Prosecutors then subpoenaed his old company Hollinger asking them to hand over the boxes, but Black's lawyers hit back, saying authorities should have done it through the right channels under the US-Canada treaty. Now the fight is over copies of the said documents which have ended up on US soil. Watch this space.

Black and other Hollinger execs have been charged with fraud, racketeering, money laundering and obstruction of justice. Add to that the mind-boggling array of legal proceedings Black is now embroiled in, which according to Canadian Business, could be costing him millions of dollars a month.

But Black is doing his best to show he's not worried. As he recently told the Toronto Sun: "I have a defense but they have no case.''

So then how does he account for those documents he tried to take away before the SEC could get to them?

Black just laughs it off. "I mean taking boxes out of a building I own with cameras I installed? Please!", he says. "I was taking out stuff that was brought in there after there was a subpoena."


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