Conrad Black's legal troubles continued to grow this week when Hollinger Inc., the holding company through which Black once managed Hollinger International, sued Lord Black, his wife and several of their business associates in Ontario Superior Court July 6.
The suit, which seeks $750 million in damages, alleges a variety of claims against Black and his associates, including breach of contract, breach of fiduciary duty, conspiracy and negligence. Hollinger's new board and management blame Black's conduct while at the helm of Hollinger International for the current backlog of lawsuits against the company.
This new suit follows on the heels of a small legal victory Black won June 29, when a federal judge in Chicago dismissed six of the eight claims contained in a lawsuit former shareholders filed against Black and Hollinger International. The judge held that the plaintiffs' claims did not satisfy the requirements of the Private Securities Litigation Reform Act of 1995.
Black still faces criminal charges of racketeering and fraud.