Monday, April 23, 2007

Media Roundup: Enter The Audit Committee

The sixth week of the Conrad Black trial is about to begin; here are the media reports anticipating Richard Burt's testimony today:

1. From 680 News, a Canadian Press report outlining what Mr. Burt's testimony is supposed to bring to the prosecution's case: proof that Mr. Black and the other defendants lied to the Hollinger Int'l audit committee. A rearranged and slightly paraphrased version of the same report has been webbed by Accountancy Age.

2. From Bloomberg, a much longer article discussing David Radler, by Erik Schatzker and Michael Janofsky. Although it notes that Mr. Radler agreed to his plea bargain largely out of pragmatism, it also hints at a reason for a falling out between the two. The article also notes that the plea bargain has yet to be approved by Judge St. Eve.

3. Also from Bloomberg, a story of the conviction of Joseph Nacchio, of insider trading. He's one of several CEOs convicted in the last several years; they are also named in the write-up. Conrad Black is mentioned too.

4. The Globe and Mail's Paul Waldie has an anticipatory article of his own, but it anticipates what Ms. Stitt will be testifying about. There has already been controversy over her expected testimony, as the defense has alleged that her purpose is to insinuate the existence of fraud(s) that never took place.

5. From The Age, a note in the "Business Day" column, entitled "R-day for Conrad Black," which predicts that David Radler will testify this week.

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