Hollinger increases damages claim (to $1.25 billion)

The directors of the publishing group Hollinger International have greatly increased the damages they are seeking from former chairman Conrad Black.
They are questioning the way he sold some of the group's newspaper titles and are trying to claim $1.25bn (£700m) in compensation.
...
The amended lawsuit has increased the damage claims because of the alleged racketeering, the company said.

http://news.bbc.co.uk/1/hi/business/3695689.stm

Ahh, I love that word 'racketeering'. It puts Black on a level with Tony Soprano.

group that has richard perle on it's Board of Director's isn't it?

and he's up to his neck in it too. From the Washington Post's report:

Among the new claims, Hollinger said, are an attempt "to recover certain bonuses paid in connection with the operations of Hollinger Digital LLC." Former Pentagon official Richard N. Perle was co-chairman of the subsidiary, which made investments in Internet and technology companies.

According to a source close to Hollinger, Perle was paid at least $2 million in bonuses over the years at Hollinger Digital, as reported by the New York Times.

Perle said last night that he was not aware of the amended complaint and declined to comment on it. He said employees who worked on particular Hollinger Digital investments were paid bonuses based on a percentage of the profit the company earned on those investments. Losses on other investments did not count against the bonuses, Perle said.

While heading Hollinger Digital, Perle also served as a member of the parent company's board and executive committee.

http://www.washingtonpost.com/wp-dyn/articles/A9788-2004May7.html