Conrad Black to sue Radler
Black says former business partner devalued stock in newspaper chain
One day after returning to prison to serve the remainder of his sentence for fraud, Conrad Black has launched a lawsuit against his former business partner, David Radler, CTV News reports. Black is suing his former business partner at Hollinger International on the grounds that Radler illegally added shareholders and debt to Horizon Publications, a U.S. newspaper chain, which devalued Black’s stake in the company. Radler, who pleaded guilty to one count of mail fraud in exchange for testifying against Black in 2007, says he has not yet seen the legal documents and will not comment.
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