CBCnews
Story Tools: EMAIL | PRINT | Text Size: S M L XL | REPORT TYPO | SEND YOUR FEEDBACK | Bookmark and Share

Black trial adjourned before opening arguments presented

Last Updated: Monday, March 19, 2007 | 7:17 AM ET

Lawyers were unable to present opening arguments at the fraud trial of Conrad Black Monday after concerns were raised over the news that settlements had been struck with a key prosecution witness.

Conrad Black, left, leaves the federal court building with his wife Barbara Amiel, right, during a recess in his fraud and racketeering trial in Chicago on Monday.Conrad Black, left, leaves the federal court building with his wife Barbara Amiel, right, during a recess in his fraud and racketeering trial in Chicago on Monday.
(Charles Rex Arbogast/Associated Press)
Judge Amy St. Eve adjourned proceedings in the Chicago courtroom until Tuesday after questioning the jurors to see if they had read about the developments regarding David Radler over the weekend.

Black's lawyer, Ed Genson, had earlier asked St. Eve to delay opening arguments, arguing that the timing of Radler's settlement announcements is interfering with Black's right to a fair trial.

Radler, a former president of Hollinger and a longtime business partner of Black, has pleaded guilty to a single charge of fraud and has agreed to co-operate in the prosecution of Black in return for a reduced jail sentence of 29 months. 

On Sunday, Radler's lawyers announced a settlement of a lawsuit filed against him by Sun-Times Media Group Inc., formerly known as Hollinger International. Radler, lawyers said, would pay $63.4 million US to settle current claims and potential additional claims against him related to recent findings about backdated stock options. 

On Friday, Radler agreed to return $28.7 million US to Hollinger shareholders as part of a settlement with U.S. securities regulators in a move legal experts say could enhance his credibility when he testifies.

Black is accused of 14 criminal charges that range from racketeering to mail fraud and tax evasion. Three former business associates are also on trial.

The main allegation revolves around the U.S. government's assertion that Black, 62, defrauded the minority shareholders of his former holding company, Hollinger International, of millions of dollars by illegally diverting money from the sale of Hollinger newspapers. The former press baron has pleaded not guilty to all charges.

Conrad Black is escorted by a security official as he arrives at the federal courthouse in Chicago Monday. Conrad Black is escorted by a security official as he arrives at the federal courthouse in Chicago Monday.
(Adrian Wyld/Canadian Press)
The jury was selected last week.

CBC's Mike Hornbrook, covering the trial, said prosecutors can be expected to play up the fact that Radler admits his guilt, and is giving back large amounts of money, while Black denies he has done anything wrong.

Black said little as he arrived at the Chicago courthouse, accompanied by his wife, Barbara Amiel Black, and his daughter, Alana, saying only that "I have made my views quite clear."

But as they entered a courthouse elevator, Amiel Black lashed out at some reporters covering the trial, reportedly referring to one outside the elevator doors as a "slut." With some journalists still in the elevator, she continued her attack, saying "these terrible vermin, they make me sick."

With files from the Canadian Press
  • This story is now closed to commenting.
Story Tools: EMAIL | PRINT | Text Size: S M L XL | REPORT TYPO | SEND YOUR FEEDBACK | Bookmark and Share
 

Find the best interest rates

Sponsored Feature

Select a product  

Close Close this window

Sponsored Feature

Rate Comparison

Banks & Trusts Interest Rate Minimum Deposit Features
Home Trust Company 0.85% $2,500  
Equitable Trust 0.80% $5,000  
Ally 0.75% $1 Guaranteed earnings. No minimums, fees or service charges.
SunLife Financial Trust 0.70% $1,000  
ResMor Trust 0.65% $5,000  
ICICI Bank Canada 0.50% $1,000  
ING Direct 0.50% $1  
Peoples Trust 0.50% $5,000  
Pacific & Western Bank 0.45% $5,000  
Bank West 0.35% $5,000  
Banks & Trusts Interest Rate Minimum Deposit Features
Home Trust Company 1.25% $2,500  
ResMor Trust 1.10% $5,000  
Ally 1.00% $1 Guaranteed earnings. No minimums, fees or service charges.
Equitable Trust 0.85% $5,000  
SunLife Financial Trust 0.80% $1,000  
Pacific & Western Bank 0.70% $5,000  
ING Direct 0.50% $1  
Manulife Bank 0.50% $25,000  
Peoples Trust 0.50% $5,000  
General Bank of Canada 0.50% $25,000  
Banks & Trusts Interest Rate Minimum Deposit Features
Home Trust Company 1.25% $2,500  
ResMor Trust 1.10% $5,000  
Ally 1.10% $1 Guaranteed earnings. No minimums, fees or service charges.
Equitable Trust 0.85% $5,000  
SunLife Financial Trust 0.80% $1,000  
Pacific & Western Bank 0.75% $5,000  
Manulife Bank 0.50% $25,000  
Peoples Trust 0.50% $5,000  
General Bank of Canada 0.50% $25,000  
ING Direct 0.50% $1  
Banks & Trusts Interest Rate Minimum Deposit Features
Ally 1.75% $1 No-Penalty option, no fees, daily compounded interest.
Home Trust Company 1.55% $1,000  
Pacific & Western Bank 1.55% $1,000  
ResMor Trust 1.46% $1,000  
SunLife Financial Trust 1.45% $1,000  
Community Trust 1.35% $1,000  
Korea Exchange Bank 1.30% $3,500  
State Bank of India (C) 1.30% $2,000  
ING Direct 1.25% $1  
Alterna Bank 1.20% $500  
Banks & Trusts Interest Rate Minimum Deposit Features
Ally 2.30% $1 Guaranteed earnings. No minimums, fees or service charges.
ING Direct 2.25% $1  
Pacific & Western Bank 2.15% $1,000  
Home Trust Company 2.15% $1,000  
ResMor Trust 2.11% $1,000  
SunLife Financial Trust 2.05% $1,000  
State Bank of India (C) 2.00% $2,000  
Korea Exchange Bank 2.00% $3,500  
Community Trust 1.95% $1,000  
HomEquity Bank 1.90% $5,000  
Banks & Trusts Interest Rate Minimum Deposit Features
Ally 2.75% $1 Guaranteed earnings. No minimums, fees or service charges.
Alterna Bank 2.75% $500  
Home Trust Company 2.65% $1,000  
SunLife Financial Trust 2.65% $1,000  
ResMor Trust 2.60% $1,000  
HomEquity Bank 2.55% $5,000  
Manulife Bank 2.50% $2,500  
ING Direct 2.50% $1  
President's Choice Fin'l 2.50% $500  
State Bank of India (C) 2.50% $2,000  
Banks & Trusts Interest Rate Minimum Deposit Features
Ally 3.60% $1 Guaranteed earnings. No minimums, fees or service charges.
SunLife Financial Trust 3.45% $1,000  
Home Trust Company 3.35% $1,000  
Pacific & Western Bank 3.30% $1,000  
B2B Trust 3.30% $500  
President's Choice Fin'l 3.25% $500  
ING Direct 3.25% $1  
HomEquity Bank 3.25% $5,000  
Manulife Bank 3.25% $2,500  
Canadian Western Bank 3.20% $500  
Banks & Trusts Interest Rate Minimum Deposit Features
Peoples Trust 2.10% $0  
Ally 2.00% $0 No minimums, no fees, daily compounded interest.
State Bank of India (C) 1.25% $1,000  
Canadian Tire Bank 1.20% $0  
ICICI Bank Canada 1.20% $0  
ING Direct 1.05% $0  
Amex Bank of Canada 1.00% $0  
Manulife Bank 1.00% $0  
Alterna Bank 0.85% $0  
Royal Bank of Canada 0.75% $0  
Banks & Trusts Interest Rate Minimum Deposit Features
Ally 2.00% $0 Invest up to $5000/year tax-free, withdraw at any time.
State Bank of India (C) 1.75% $0  
Bank of Nova Scotia 1.50% $0  
Canadian Tire Bank 1.50% $0  
ICICI Bank Canada 1.40% $0  
ING Direct 1.05% $0  
President's Choice Fin'l 1.00% $0  
Manulife Bank 1.00% $0  
BMO Bank of Montreal 1.00% $0  
HSBC Bank Canada 0.80% $0  

Money Headlines

Ottawa will stay course on stimulus: Flaherty Video
Rather than turning off the stimulus taps or pouring more fuel on the economic fire, Ottawa will stand pat with the $61 billion in stimulus spending announced in January, Finance Minister Jim Flaherty says.
Canada Post struggles to innovate
Canada's postal service is reinventing itself as it struggles to make up for dwindling demand in the face of a devastating global economic slowdown.
The 10-billion-barrel battle
Henry Lyatsky wants B.C.'s coast opened to oil drilling but environmentalists stand opposed.
CAW, Johnson Controls reach tentative deal Video
After a successful late-night bargaining session, the Canadian Auto Workers Union and management at Johnson Controls have reached a tentative agreement on a new three-year labour deal.
Agrium's bid for CF stumbles
Calgary-based Agrium has suffered a setback in its bid to take over rival CF Industries.

Top CBCNews.ca Headlines

Headlines

Afghan prisoner transfers halted 'more than one time'
Canadian officials have halted the transfer of prisoners to Afghanistan's intelligence service "more than one time," because of the possibility of torture, Canada's chief of defence staff said Sunday.
Indonesian ferry sinks in storm
Rescuers saved more than 240 people aboard an Indonesian passenger ferry that sank Sunday in rough waters off Sumatra island, but at least 25 people have died, officials said.
Iranian forces practise defending nuke sites
Iran on Sunday began large-scale air defence war games aimed at protecting the country's nuclear facilities against any possible attack, state television reported.
Plaskett double winner at Canadian Folk Music Awards
Joel Plaskett's triple album Three earned the Halifax singer-songwriter a double win at the Canadian Folk Music Awards on Saturday.
Canadian speedskater Groves wins gold
Kristina Groves of Ottawa won her first World Cup gold of the season on Sunday, prevailing in the 1,500-metre race in Hamar, Norway.