Phil Law Weblog

Hollinger International Inc. announced that it has reached a final settlement in a class action lawsuit over inflated circulation numbers, brought by advertisers incorporate prior terms disclosed Sept. 16 and provide for $7.7 million in cash payments and $7.3 million in free advertising or discounts.

The Chicago Sun-Times will also cover the plaintiffs’ legal costs up to $5.6 million.

Hollinger International has been embroiled in scandal for more than two years, with former chief operating officer David Radler and former CEO Conrad Black facing fraud charges.

Link

Filed under Class Action, General Law, Settlements

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