Conrad Black has asked an Ontario judge to wind up a five-year process that has seen Hollinger — the firm through which he once controlled the world’s third-largest English-language newspaper empire — languish under court protection against its creditors
The Ontario Securities Commission is no longer pursuing allegations against Hollinger Inc., the Toronto-based holding company that once housed Conrad Black’s media empire.
However, Canada’s largest capital markets regulator has scheduled a hearing to adjudicate an amended statement of allegations against Lord Black and his former Hollinger colleagues Jack Boultbee and Peter Atkinson. That hearing is to take place on Aug. 16.
Former press baron Conrad Black is banned from acting as a director of a U.S. company and must pay US$4.1-million in restitution in a settlement with the U.S. securities regulator that ends a long-standing lawsuit over Black’s dealings as the head of the Hollinger media empire.
TORONTO — Peter Atkinson, a former Hollinger executive who several years ago faced fraud charges in the U.S., has reached a settlement with the Ontario Securities Commission that forever bars him from acting as a director of a public company in that province.
He will also have to permanently refrain from becoming an officer of a public company in Ontario and from trading or acquiring any securities of Hollinger Inc.
TORONTO — Another chapter in the Conrad Black story begins Friday in Toronto.
Canadian authorities are scheduled to begin proceedings against the former media tycoon, who has already spent time in a Florida jail following U.S. convictions on related matters, which occurred more than a decade ago.
Pension plans may have lost the battle at the Supreme Court of Canada, but there’s a debate over whether they are winning the war.
Last week, the country’s highest court unanimously overturned a controversial decision by the Ontario Court of Appeal that had catapulted pensioners ahead of secured creditors for payouts during court-supervised insolvency proceedings. In doing so, the high court restored the pecking order of Canada’s long-standing insolvency rules.
TORONTO — The Ontario Securities Commission has delayed a proceeding involving former newspaper baron Conrad Black and former Hollinger Inc. director John Boultbee.
A pre-conference hearing dealing with fallout from their involvement in a complicated system of non-compete payments involving Hollinger Inc. and Hollinger had been scheduled for Monday. It is now rescheduled for Wednesday.
MONTREAL — The embattled railroad at the centre of the deadly Lac Mégantic train derailment was granted creditor protection in Canada on Thursday.
A Quebec Superior Court justice handed down the ruling after a request by Montreal, Maine & Atlantic Canada Co.
The company filed the documents on Wednesday and was seeking relief from its creditors under the Companies’ Creditors Arrangement Act.
The CCAA allows companies protection while they work out ways of avoiding bankruptcy.