Hollinger Intl seeks €1bn damages from Black

Publishing giant Hollinger International is seeking more than $1.25bn (€1.05bn) in damages in an amended legal action against former Daily Telegraph boss Conrad Black and other former executives claiming new financial wrongdoing.

The civil lawsuit accuses Black, Hollinger’s former chairman and controlling shareholder, and other executives, of taking part in a racketeering scheme when they sold newspapers for less than their market value in exchange for improperly obtained non-competition fees and other payments.