Hollinger to sue former advisors: report

Tue Jun 3, 2008 9:36am EDT
 
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TORONTO (Reuters) - Hollinger Inc HLGc.TO is set to launch a series of lawsuits against its former professional advisors, the National Post newspaper said on Tuesday.

The newspaper company once run by Conrad Black, plans to pursue lawsuits against its former legal counsel Torys LP, accounting firm KPMG LLP (Canada) as well as a group of independent directors, the paper said, citing sources.

Retired Ontario Superior Court Judge John Ground has been appointed litigation trustee.

The paper said the action, an attempt to recoup millions of dollars for its stakeholders, is part of a settlement with creditors.

Hollinger filed for court protection last year.

($1=$1.00 Canadian)

(Reporting by Scott Anderson; Editing by Bernadette Baum)

 
<p>Conrad Black arrives with for his sentencing hearing with his wife Barbara Amiel Black in Chicago December 10, 2007. Hollinger Inc., once run by Black, is set to launch a series of lawsuits against its former professional advisors, the National Post newspaper said on Tuesday. REUTERS/John Gress</p>