Conrad Black Granted Bail While Appealing U.S. Fraud Conviction

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Former Hollinger International Inc. Chairman Conrad Black, in jail since March 2008, is another step closer to being released from prison after an appeals court granted him bail in light of a U.S. Supreme Court ruling.

The U.S. Court of Appeals in Chicago yesterday sent the case back to U.S. District Judge Amy St. Eve, who presided over Black’s trial, delegating to her the responsibility of setting conditions for Black’s release.