Conrad Black, the former CEO of Hollinger Inc., announced on Friday that he would file a $1.1 billion defamation lawsuit against a Hollinger special committee that had filed a report alleging that Black and other corporate executives had stolen money from the company.
Hollinger holdings include the Chicago Sun-Times and numerous other media outlets. Allegations of Black's misuse of company funds came to light in August, and were previously reported in JURIST. In addition to Black's lawsuit, Hollinger faces civil charges laid by the Securities and Exchange Commission for misappropriation of up to $400 million in company funds. CBC News has more on the story.