Former Telegraph group boss, Conrad Black has called on a Delaware judge to order Hollinger International to pay $6.8 million in legal fees accumulated as a result of a federal probe into his activities while CEO of the firm.
According to reports, Black is arguing that Hollinger, from which he allegedly misappropriated more than $400 million, has violated a Delaware law which requires companies chartered there to pay the legal fees incurred by their officers. Hollinger has refused to pay more than half of his defense costs for probes and lawsuits brought by the US Securities and Exchange Commission and attorney general.
The Delaware Corporate Litigation Reporter revealed that the former media mogul has argued that the firm's refusal to pay all of his legal costs does not make sense in the light of the ruling by the Delaware Chancery Court, which ordered Hollinger to pay his other legal costs.
However, it went on to explain that:
"Hollinger says in court papers that the duplication of suits and investigations is precisely why it refuses to pay more than 50 percent of the latest bills."
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