SEC Ruling
In October 2012, a US federal judge fined Black $6.1 million in penalties in connection for securities law violations during his chairmanship of Hollinger International. The fine is related to a 2008 judgement won against Black by the Securities Exchange Commission which also banned Black from being a director of a publicly traded US company. The penalty ruling was delayed until appeals in Black's criminal case had been completed.
Read more about this topic: Conrad Black
Famous quotes containing the word ruling:
“In every one of us there are two ruling and directing principles, whose guidance we follow wherever they may lead; the one being an innate desire of pleasure; the other, an acquired judgment which aspires after excellence.”
—Socrates (469–399 B.C.)
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