Judge blocks Black from selling Hollinger stake

A US judge has blocked Conrad Black from selling his controlling stake in Hollinger International to millionaire media duo the Barclay brothers.

Judge blocks Black from selling Hollinger stake

A US judge has blocked Conrad Black from selling his controlling stake in Hollinger International to millionaire media duo the Barclay brothers.

The judge ruled that Black's deal injured other shareholders and that he had no right to sell off the papers, which include the UK's Telegraph titles.

Black agreed to sell the newspapers after being ousted as chairman of Hollinger International following complaints that he and other top executives had paid themselves $32.2m (€25.9m), without approval from the audit committee.

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