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
A Toronto judge issued an order Wednesday setting out a procedure for Mobilicity to seek the court’s approval of the sale of its spectrum licences to a buyer of its choice.
The ruling is just the first step in a process that could allow the financially distressed wireless carrier to sidestep Ottawa’s blessing in a deal to sell its cellular airwaves.
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 – Conrad Black will be allowed the right to speak in his own defence later this week before Canada’s largest provincial securities commission, although it doesn’t want to revisit issues that have already been through the U.S. legal system.
The Ontario Securities Commission panel also agreed Wednesday to also allow testimony from two of the witnesses proposed by the former media mogul, including his former secretary.
TORONTO – Conrad Black told Canada’s largest securities regulator Friday that he’s had “no alternative” but to fight to clear his name of allegations and U.S. criminal convictions that he considers illegitimate.
It was the first time that the former Hollinger executive has been able to testify and defend himself publicly before the Ontario Securities Commission, which oversees Canada’s largest stock market and many of its publicly traded companies.
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 — 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 — The Federal Court of Appeal has dismissed an application by Conrad Black to personally address an advisory council weighing whether he should be stripped of the Order of Canada.
In a decision Monday, the three-justice panel upheld a lower court ruling that denied the former media baron his request for an opportunity to plead his case in person.