Hollinger Inc.

Hollinger Inc.

November 28, 2014 17:59 ET

Court Approves Hollinger Inc. Settlements With Conrad Black and David Radler

TORONTO, ONTARIO--(Marketwired - Nov. 28, 2014) - The Litigation Trustee of Hollinger Inc. announced today that Hollinger Inc. and F. David Radler have entered into court approved settlement agreements to resolve all claims against Mr. Radler, a former director and officer of Hollinger Inc., and his company North American Newspapers Ltd. ("NANL") and all claims asserted by Mr. Radler against the estate of Hollinger Inc.

The Litigation Trustee of Hollinger Inc. further announced today that Hollinger Inc. and Conrad M. Black, a former officer and director of Hollinger Inc., his wife, Barbara Amiel-Black, also a former director of Hollinger Inc. (together with Mr. Black, the "Blacks"), and their companies Conrad Black Capital Corporation, Moffat Management Inc., Black-Amiel Management Inc., 1269940 Ontario Inc. and 2753421 Canada Limited (the "Blacks' Companies") have entered into a court approved settlement agreement to resolve all claims against the Blacks and their Companies and all claims asserted by Mr. Black against the estate of Hollinger Inc.

The settlements and the releases in favour of Mr. Radler and NANL, and the settlement and the releases in favour of the Blacks and their Companies, were all approved in their entirety on November 13, 2014 by Mr. Justice McEwen of the Ontario Superior Court of Justice. The details of these court approved settlements can be found on the website of the court appointed monitor for Hollinger Inc., Ernst & Young, Inc.

Hollinger Inc. and its subsidiaries, Sugra Ltd. and 4322525 Canada Inc., are currently subject to proceedings in Canada under the Companies' Creditors Arrangement Act (Canada) and in the United States under Chapter 15 of the U.S. Bankruptcy Code.

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