Hollinger report filed in court
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TORONTO -- A special committee of Hollinger International, which was instrumental in ousting Conrad Black as head of the Chicago-based newspaper company, filed its final report in an Illinois court yesterday.
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(InfoWorld) - A shareholder lawsuit against Hewlett-Packard (HP) forÂ attempting to spy on board members and reportersÂ has been expanded to include charges of insider stock trading. An amended complaint filed Wednesday in the Superior Court of California for Santa Clara County accuses HP Chairman and Chief Executive Officer Mark Hurd and seven other company executives of selling $41.3 million worth of HP stock at "inflated prices" shortly before the company revealed that its investigators had used questionable and possibly illegal techniques to gain access to personal records such as phone call logs. The eight executives sold 1.7 million shares of stock between Aug. 21 and Sept. 6, according to the lawsuit. In an Aug. 31 filing with the U.S. Securities and Exchange Commission (SEC), HP said an outside investigator used the practice of pretexting, pretending to be someone else, to gain access to personal records. Former HP Chairman Patricia Dunn and four others face criminal charges stemming from their alleged participation in the spying, which also used e-mail tracer technology, according to testimony before a U.S. congressional committee. HP also tried to prop up the value of its stock price by announcing on Aug. 21 it would repurchase $6 billion worth of its stock, the lawsuit says. "In the midst of this acrimony HP executives cashed in," says the complaint, filed by the Lerach, Coughlin, Stoia, Geller, Rudman & Robbins LLP law firm. HP issued a statement calling the lawsuit "baseless." The lawsuit "represents a transparent effort to exploit issues related to HP's recent investigation for personal gain at the expense of HP, its shareholders and its employees," the statement said. "HP will defend itself vigorously." HP acknowledged that it had obtained the phone records of 12 people by using pretexting. The stockholder lawsuit, originally filed in September, asks the court to declare that HP's executives have "committed breaches of their fiduciary duties" and to order executives to repay the amount the company has been damaged by the spying scandal. The lawsuit also asks the court to require HP to reform its corporate governance and to extract punitive damages from Dunn, Hurd and other HP executives.
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A federal judge on Friday dismissed a lawsuit by newspaper publisher Hollinger International Inc. seeking $1.25 billion from ex-CEO Conrad Black and other former company executives, but left the door open for key charges to be refiled.
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Hollinger Inc. said on Friday that an Ontario Superior Court judge had ordered an investigation of the company now mired in controversy over the conduct of its major shareholder, press baron Conrad Black.
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The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones & Co. Inc.  board member David Li over an insider trading probe linked to News Corp.'s  bid for the media company, the Wall Street Journal reported on Wednesday.
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Hollinger International Inc., publisher of the Chicago Sun-Times, said former Chief Executive Conrad Black and controlling shareholders ``victimized&#39;&#39; the company by transferring $400 million of company funds to their own accounts.
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Fresh allegations against former Daily Telegraph tycoon Conrad Black are expected to emerge from the courtroom filing of a long-awaited investigation into his stewardship of the newspaper empire Hollinger International.
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Conrad Black&#39;s Canadian holding company, Hollinger Inc., has been told by the US Securities and Exchange Commission that it may face civil proceedings for violating regulatory rules.
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CHICAGO Publisher Hollinger International says it missed a deadline today to file its 2003 annual report and so could be delisted from the New York Stock Exchange.
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Conrad Black resigned as chairperson and chief executive of Hollinger Inc. yesterday at 10 am, just as a lawyer for a major shareholder began arguments in Ontario court aimed at ejecting him and all but two of Hollinger&#39;s directors.
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CHICAGO _ Citing technical legal issues, a Chicago federal court judge threw out Hollinger International $1.25 billion lawsuit against ousted Chief Executive Conrad Black _ but said many of the claims can be refiled in a state court.
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The Securities and Exchange Commission said yesterday that it had filed a civil suit in Chicago against Conrad M. Black and F. David Radler, the two former top executives of Hollinger
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The Securities and Exchange Commission yesterday filed a civil lawsuit alleging that media baron Conrad M. Black fraudulently diverted millions of dollars from Hollinger International Inc.
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The former chairman of Hollinger International has been on trial for three months on charges relating to obstruction of justice and tax fraud.
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TORONTO (CP) - Shares of Hollinger Inc. soared Friday after embattled press baron Conrad Black announced plans to buy out other shareholders of the publicly traded Canadian company at the centre of his business empire.
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Here are brief sketches of some of the key players in the Hollinger International Inc. story. A special committee of the company&#39;s board of directors released a report Tuesday accusing its former CEO Conrad
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The US Securities and Exchange Commission has filed fraud charges against Canadian-born Conrad Black, the former chairman and CEO of Hollinger International, accusing him of &quot;cheating and defrauding shareholders.