Five months ago, Judge Leo Strine blocked an attempt by Lord Black to sell control of Hollinger International to the Barclays. However, since Hollinger International agreed to sell the paper to the billionaire brothers for £665m, Lord Black and Hollinger Inc will ask Judge Strine to give Hollinger International shareholders veto power over the deal.
Earlier this month, Hollinger International asked the court for permission to go ahead with the sale of the Telegraph Group newspapers, including the Daily Telegraph, to the Barclay brothers at the end of the month.
Hollinger International claims that Lord Black is trying to undermine the company and make the sale subject to shareholder approval, which would mean that Lord Black, as the company's controlling stockholder though Hollinger Inc, would be able to veto the deal.
So far, the saga has included more than a dozen lawsuits, beginning with Hollinger International accusing Black and fellow Hollinger executives of receiving unauthorised payments from the company.
The Telegraph Group sale is set to close July 30, unless the court intervenes.
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