By: Mark Fitzgerald
Arraignment has been set for Thursday in a Chicago court for F. David Radler, the former Conrad Black business partner and Chicago Sun-Times publisher who is cooperating with the federal investigation into fraud by the former press baron and others.
According to the schedule of U.S. District Court for Northern Illinois, Radler will be arraigned Thursday morning before Judge Amy J. St. Eve.
In a separate development Monday, Hollinger Inc. said it would ask the Ontario court overseeing its affairs to postpone its long-delayed annual shareholders meeting again, this time to Dec. 30.
Radler, 63, was indicted last week by a federal grand jury on charges of improperly steering $32 million from Hollinger International, the Chicago-based publisher of the Sun-Times, to newspaper companies he owned. Also indicted was Mark Kipnis, the company?s former general counsel and Ravelston Corp., the Canadian private holding company Black once used to control Hollinger Inc., and through it, Hollinger International.
Black is widely considered to be a target of U.S. Attorney Patrick Fitzgerald?s investigation in Chicago. While Radler has indicated he will plead guilty and cooperate with the ongoing investigation, Kipnis? attorney has indicated he will fight the charges.
It would be unusual in high-profile, white-collar cases such as these for a defendant to plead guilty at the initial arraignment.