$43 Million Settlement Preliminarily Approved in Suits Against Conrad Black

Plaintiffs in 2 class action lawsuits against media baron Conrad Black have reached a tentative settlement of $43 million. A court date of August 21, 2009 has been set for final approval. If approved, the settlement would bring to an end 5 years of litigation.

The judge presiding over the suits expressed concern that payment of the settlement would be required from Tories LLP law firm, tax advisory firm KPMG, Hollinger, Inc., and Hollinger's insurance company, but not from Conrad Black himself.

JULY-30-09: Saskatoon judge approves $43M settlement against Conrad Black [SASKATOON LEADER POST: JUDGE APPROVED $43 MILLION SETTLEMENT]