Ravelston arraignment delayed until Sept. 22

The criminal arraignment of Ravelston Corp., Conrad Black's private holding company, has been delayed until Sept. 22. The Chicago court session, where the company will plead guilty or not-guilty to criminal charges launched on Aug. 18, was scheduled for yesterday. However, RSM Richter Inc. the receiver handling Ravelston's affairs, won't be ready to respond to the fraud charges until it gets directions from an Ontario judge handling the receivership. Mark Kipnis, a former senior lawyer for Hollinger International Inc., entered a not guilty plea to fraud charges on Aug. 24. David Radler, Lord Black's long-time associate, is set to enter a guilty plea to fraud charges against him on Sept. 15.