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:
“A theory of the middle class: that it is not to be determined by its financial situation but rather by its relation to government. That is, one could shade down from an actual ruling or governing class to a class hopelessly out of relation to government, thinking of gov’t as beyond its control, of itself as wholly controlled by gov’t. Somewhere in between and in gradations is the group that has the sense that gov’t exists for it, and shapes its consciousness accordingly.”
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