LAWFUEL – The Law Newswire – LawFuel’s lead story, from Law.com – The verdicts on Conrad Black may have been reached, but Mr Black is a long way from seeing the end of litigation.
Despite the guilty verdicts reached last week in the trial of media tycoon Conrad Black, there’s still plenty of litigation to come for attorneys involved in cases related to alleged fraud at the former newspaper company Hollinger International.
Hollinger, which has been renamed Sun-Times Media Group Inc., and former directors and executives of the company, still face a civil lawsuit brought by shareholders in the U.S. District Court of the Northern District of Illinois in Chicago. Teacher’s Retirement System of Louisiana v. Black, No. 04-834 (N.D. Ill.).
The former directors include Winston & Strawn attorney James Thompson, who was a four-term governor of Illinois.
The shareholders case could be settled “within a month,” said Drinker Biddle Gardner Carton attorney Gordon Nash, the lawyer for Thompson.
Black and his Canadian parent company, Hollinger Inc., also still face lawsuits by the U.S. Securities and Exchange Commission, SEC v. Black, No. 04-7377 (N.D. Ill.), and by Sun-Times Media, Hollinger International v. Hollinger Inc., No. 04-698.