SEC won't charge former Hollinger director: lawyer
(AP) — The Securities and Exchange Commission has notified former Defense Department adviser Richard Perle that regulators won't bring charges against him in connection with a case involving his service as a Hollinger International Inc. board member, Perle's attorney confirmed on Monday.
Securities regulators had implicated Perle as early as November 2004, when they filed civil fraud charges against Conrad Black, Hollinger's former chairman and chief executive, alleging that Black engaged in undisclosed transactions that benefited him but hurt the newspaper publishing company.
Dennis Block, an attorney for Perle, said Monday that Perle was notified by the SEC early this month that he wouldn't face charges.
In a complaint filed in November 2004, the SEC had accused Black of authorizing a $2.5-million investment in TriReMe, a venture capital fund affiliated with Perle, without the approval of the board's audit committee.
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John Nester, an SEC spokesman, declined to comment.
Hollinger International changed its name to Sun-Times Media Group Inc. in July. The company publishes the Chicago Sun-Times and other newspapers and Web sites in the Chicago area. A spokeswoman for the company also declined to comment.
