In Sun Times v. Black, oral argument will be heard on Friday morning, May 23, 2008 in Delaware Chancery Court at 10 a.m. I am trying to determine if I can obtain a video clip to put on my blog if the Court will allow the argument to be broadcast live over the Internet via www.courtroomlive.com.
UPDATE: Here is a 5-minute video clip of the oral argument before Vice Chancellor Strine on the pending motions regarding whether Lord Black is entitled to advancement/indemnification pending the appeal of his convictions. Many thanks to www.courtroomlive.com for providing this clip.
Here is background on the argument.
Lord Conrad Black, the fallen media baron, will be back in the spotlight when oral arguments take place in the matter before Vice Chancellor Strine in the Delaware Court of Chancery. The case, Sun Times v. Black, has been closely watched because of few definitive rulings on the question of whether companies have to continue paying the legal bills of ex-officers and directors even after they’ve been sent to jail but are still appealing their convictions. Black and his lieutenants say Sun-Times Media Group (STMG) jumped the gun by asking a Delaware court to force them to return more than $60 million in legal fees the newspaper company paid for their unsuccessful defense against fraud charges. Black and three of his former top officers seek a trial on their claim that Delaware law requires STMG to continue paying their legal bills while they appeal their convictions for allegedly siphoning off more than $100 million in revenue illegally from the publisher of the Chicago Sun-Times and other Chicago-area newspapers.
Here is a link to a short blog post about the Delaware Supreme Court’s affirmance of the Chancery Court’s decision regarding allegations against Lord Black previously filed in Delaware.