David Radler

Chicago, IL: (Mar-17-07) A lawsuit was filed against Conrad Black and David Radler, former deputy chairman and chief operating officer of Hollinger International, by the US Securities and Exchange Commission. The suit alleged that Radler and Black were engaging in a fraudulent scheme to divert $85 million from Hollinger International between 1999 and 2003. Radler pleaded guilty to one charge of criminal fraud and paid $250,000 in fines in exchange for a lighter sentence. In the settlement reached with the SEC, Radler agreed to pay $28.7 million in restitution to the Hollinger International shareholders. He also agreed to pay $23.7 million in disgorgement and prejudgment interest and $5 million in civil penalties. [AXCESS NEWS: RADLER SETTLES WITH SEC ]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.

Please click here for a free evaluation of your claim

Published on Mar-20-07