Perle's Wells Notice

Bloomberg:

"The U.S. Securities and Exchange Commission may sue directors who served on Hollinger International Inc.'s audit committee for allowing former Chairman Conrad Black to allegedly defraud the newspaper company, said two people with direct knowledge of the matter.

The agency sent warnings known as Wells notices last month to James Thompson, Richard Burt and Marie-Josee Kravis, said the people, who declined to be identified because the letters are confidential. Thompson, chairman of Chicago law firm Winston & Strawn, and Burt, a former U.S. ambassador to Germany, remain Hollinger directors. Kravis, a director of Ford Motor Co., resigned from the Hollinger board in 2003."

lovely. i wonder how many versions of this story will actually mention Perle's Wells Notice.