Black renounced his Canadian citizenship in 2001 in order to become a life peer in the British House of Lords, named Lord Black of Crossharbour. In early 2004, Hollinger International removed Black as its chairman and launched a $200-million US lawsuit against him. In 2007 further charges were laid around "non-compete" payments made directly to Black, that he would not start a new newspaper in markets where he had just sold a newspaper. Most purchasers felt these payments were not necessary, and stockholders felt the money should go directly to Hollinger shareholders. | Black renounced his Canadian citizenship in 2001 in order to become a life peer in the British House of Lords, named Lord Black of Crossharbour. In early 2004, Hollinger International removed Black as its chairman and launched a $200-million US lawsuit against him. In 2007 further charges were laid around "non-compete" payments made directly to Black, that he would not start a new newspaper in markets where he had just sold a newspaper. Most purchasers felt these payments were not necessary, and stockholders felt the money should go directly to Hollinger shareholders. |