Hollinger and Black to hold out-of-court talks

0 Comments | AFP, June, 2004

WILMINGTON, Delaware (AFP) — Lawyers for Hollinger International and Conrad Black are to hold out-of-court talks in a bid to thrash out multi-million dollar legal disputes, a legal source said.

At stake are the proposed sale of the British newspapers, the Daily and Sunday Telegraph, and demands by Hollinger Inc shareholders that Black and his firm, Hollinger Inc, return tens, possibly hundreds of millions of dollars in special payments.

"We're going to try to reach out to the other side," the source said of Hollinger Inc, adding that Vice Chancellor Leo Strine of the Delaware Chancery Court had given his approval for independent directors from the two sides to communicate.

The source said the new talks were the reason Black had not filed a new lawsuit on...