Black is black

11 May 2004 By Bill McIntosh

The allegations such as Black’s wife using company funds to tip the BergdorfGoodman doorman aren’t just engulfing the media mogul. There is also a big question: what on earth were the nonexecutive directors doing?

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Hollinger International has brought a new suit against Lord Black and his associates that could cost up to $1.3bn. This replaces a $200m lawsuit. The litigation has now engulfed his wife, Barbara Amiel, who is accused of receiving improper payments of $2.1m. What's more, Black and key executives Jack Boultbee and David Radler are charged with racketeering.

Details of the new suit were made Monday in a 175page filing to the SEC by Hollinger International. The filing details allege unfair and excessive compensation; misuse of company funds; and money laundering.

Lord Black denies the claims.

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