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July 19, 2010

Seventh Circuit grants bail to Lord Conrad Black after his SCOTUS win

As detailed in this Bloomberg report, "Conrad Black, the former Hollinger International Inc. chairman jailed since March 2008 following a conviction for fraud, was granted bail" by the Seventh Circuit this afternoon. The brief order is available at this link, and here is more background:

Black is “granted bail pending the disposition of his appeal in this court,” the appeals court wrote in today’s order. The case is sent back “for the limited purpose of permitting the district court to determine the conditions of release.”...

Black and the other executives with whom he was tried, were accused of siphoning the money from Hollinger International as they engineered the sale of $3 billion of its assets between 1998 and 2001. The Chicago-based company is now known as the Sun-Times Media Group Inc.

The fraud case was prosecuted by the office of Chicago U.S. Attorney Patrick Fitzgerald. His spokesman, Randall Samborn, today declined to comment on the appeals court ruling.

“We’re working very hard to get in front of the district court as soon as we can so we can get him out,” said Miguel Estrada, Black’s appellate lawyer. “It shows the government was wrong to say the Supreme Court’s 9-0 ruling meant nothing.”

Black has been serving a 6 1/2-year sentence at a low- security federal prison in Coleman, Florida.

July 19, 2010 at 10:21 PM | Permalink

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