Hollinger Inc.: Settlement of Claims Against John Boultbee
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/19/13 -- The Litigation Trustee of Hollinger Inc. announced today that Hollinger Inc. and John A. Boultbee have entered into a settlement agreement to resolve all claims against Mr. Boultbee, a former director of Hollinger Inc. The terms of the settlement include Mr. Boultbee's agreement to provide continuing cooperation to Hollinger Inc. and the Litigation Trustee in their pursuit of claims against the remaining defendants to Hollinger-related litigation in exchange for a dismissal of the claims brought by Hollinger Inc. against Mr. Boultbee and releases in his favour, both by Hollinger Inc. and its subsidiaries (other than Chicago Newspapers Liquidation Corp., formerly known as the Sun-Times Media Group Inc., which Hollinger Inc. no longer controls) and by third parties involved in related Hollinger litigation. The settlement and the releases are subject to court approval, which will be sought on notice to other affected parties.
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.
The securities of Hollinger Inc. are subject to a cease trade order issued by the Ontario Securities Commission on July 23, 2008. Hollinger's common shares and Series II preference shares were delisted from the Toronto Stock Exchange on August 22, 2008.
Contacts:
Hollinger Inc.
William E. Aziz
Chief Restructuring Officer
416.640.7122
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Datum: 19.07.2013 - 13:02 Uhr
Sprache: Deutsch
News-ID 1247142
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