As every hunter knows, cornered animals can be unpredictable and dangerous.
In similar mode is Lord Conrad Black of Crossharbour (59) who, despite receiving a bloody nose at the hands of Judge Leo Strine, Vice Chancellor of the Delaware Court of Chancery [WAMN: 16-Mar-04], has again resorted to litigation in his struggle to retain control of publishing group Hollinger International [H-Intl].
On Monday Black filed yet another lawsuit against H-Intl, this time complaining it had refused to honor his right to exercise options on more than two million of the company's shares.
According to the filing, H-Intl "initiated this dispute" by impounding 145,000 shares and more than $1.6 million (€1.33m; £0.88m) in cash paid by Black for the shares pending resolution of claims the company brought against him.
H-Intl also is enriching the legal profession with a $200 million lawsuit against His Lordship for recovery of monies he allegedly misappropriated from the company. Meantime, H-Intl said it could not comment on Black's latest move as it had yet to see the documents.
Data sourced from: New York Times; additional content by WARC staff