Tsk. I mean tsk tsk tsk.:thumbsup:
New York - A Delaware
judge has blocked Conrad
Black's plan to sell control
of his publishing empire,
Hollinger International Inc.,
to the Barclay brothers of
Britain, saying Mr. Black
consistently breached his
duties to the company.
In a much-anticipated ruling
late Thursday, Judge Leo
Strine of Delaware's
Chancery Court ruled that
Canadian-born Mr. Black
"breached his fiduciary and
contractual duties
persistently and seriously,"
adding that his conduct "threatens grave injury" to Hollinger International
and its stockholders.
The judge threw out Mr. Black's attempts to change the bylaws of
Hollinger International in a way that would have tightened his control of
the board.
The ruling marks a stunning setback to one of the most flamboyant and
controversial figures in the newspaper business. Mr. Black, who renounced
his Canadian citizenship to accept the title of Lord Mr. Black of
Crossharbour in Britain, frequently railed against his critics and defended
his claimed right to run the company he founded the way he saw fit.
Globe and Mail