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Conrad Black returns to jail and sues his former partner

Conrad Black is suing his former business partner, David Radler, who was the chief prosecution witness against him at his 2007 fraud trial.

News of the writ emerged as Black returned to prison in Miami to serve out the outstanding term of his six-and-a-half year sentence.

The writ alleges that Radler hurt the value of Black’s stake in Horizon Publications, a US-based chain of small newspapers, and accuses Radler of illegally adding shareholders and debt to Horizon.

It calls Radler “an infamous Canadian citizen” and refers to his “Cain-like betrayal of Lord Black.”

For decades the two businessmen ran the Hollinger newspaper group and its various affiliates – Black as chief executive and Radler as chief operating officer.

They built Hollinger into one of the world’s biggest newspaper companies, with operations in Britain (the Telegraph media group), the US, Canada and Israel. But in the wake of Black’s fall from grace, Hollinger was sold off piece by piece.

Radler, who now runs a private regional newspaper chain in Vancouver, served 10 months of a 29-month jail sentence under a plea bargain with US prosecutors that included his testimony against Black.

In 2007, Radler agreed a civil settlement with the US Securities and Exchange Commission in which he paid .7m (£17.8m) and accepted a life ban from being an executive or board member of any public company in the US.

Black, 67, who was released from jail last summer after serving 29 months while staging an appeal, has been ordered to serve a further 13 months.

He had asked to return to a jail in Orlando, Coleman, but his request was refused. He will serve his time instead in a low security facility in Miami.

Source: Chicago Sun-Times/Globe & Mail © 2011 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds