The Securities and Exchange Commission has informed former Illinois Gov. James Thompson and two other Hollinger International Inc. directors it may sue them over allegations that executives looted more than $80 million from the company, according to published reports.
Citing anonymous sources familiar with the matter, the Chicago Tribune, the Chicago Sun-Times and The New York Times reported Thursday that the notices of a possible lawsuit were sent last month to Thompson, Richard Burt, a former U.S. ambassador to Germany, and Marie-Josee Kravis, the wife of New York financier Henry Kravis.
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