CHICAGO, Oct. 29 (UPI) -- A federal appellate court in Chicago Friday gave convicted media mogul Conrad Black a partial victory, overturning two counts but upholding two others.
The 7th U.S. Circuit Court of Appeals, which had been directed by the U.S. Supreme Court to reconsider its earlier affirmation of the convictions, tossed two fraud counts but upheld another fraud count and an obstruction of justice count.
Black, who holds Canadian and British citizenship, once controlled an extensive media company, had served two years into his 78-month prison sentence for his 2007 fraud conviction before he was freed on bail pending his appeal.
He is now to be resentenced on the two counts upheld by the 7th Circuit. It will be up to prosecutors to decide whether to retry Black on the two fraud counts that were overturned, the appellate court said.
Black had been convicted of defrauding shareholders of Hollinger International Inc. through false non-compete agreements that paid him and other executives millions of dollars from the sale of newspapers.
Black's attorneys appealed his conviction on the basis of a U.S. Supreme Court ruling that weakened a law used to convict him.