June 11, 2009 / 8:12 PM / 8 years ago

U.S. Supreme Court denies Black's bid for bail

WASHINGTON (Reuters) - A U.S. Supreme Court justice rejected on Thursday former media baron Conrad Black’s request to be released from prison while the high court decides whether to uphold his fraud conviction.

<p>Conrad Black leaves the Dirksen Federal Courthouse after his sentencing hearing in Chicago December 10, 2007. REUTERS/John Gress</p>

In a one-sentence order, Justice John Paul Stevens turned down Black’s application for bail pending his appeal, but said the Canadian-born businessman could refile his request with a U.S. District Court in Illinois.

Black, a member of Britain’s House of Lords, has been in prison since March 2008, when he began serving a 6 1/2-year sentence for fraud and obstruction of justice.

Last month, the Supreme Court agreed to hear appeals by Black and two ex-colleagues seeking to overturn their convictions for defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc.

A U.S. jury in Chicago found the three men guilty of swindling the company -- it was once the world’s third-largest publisher of English language newspapers -- out of $6.1 million by giving themselves illegal bonuses.

The Supreme Court is expected to hear arguments and decide the case during its upcoming term that begins in October.

Reporting by James Vicini, Editing by Paul Simao

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