Conrad Black has dropped his bid to return to Canada after his release on bail two weeks ago, the National Post reports.
He withdrew the request as the U.S. appeals court is taking another look at his fraud convictions, said the report, which cited unnamed sources.
U.S. Federal District Court Judge Amy St. Eve required financial disclosure as a precondition to letting Lord Black return to Canada. On Thursday, the former newspaper baron's lawyers said there will be no more such submissions, meaning that his request to leave the United States essentially dies.
Lord Black has renewed his British passport and says he isn't ready to file a sworn affidavit that would lay out all of the details of his financial status and relationships, the report said.
Lord Black, who is legally barred from travelling outside the United States, is currently visiting New York.
His next court appearance, where could choose again to make an appeal to leave the country, is Sept. 20.
His lawyers fear the affidavit revealing his financial information could be used by prosecutors to revoke his bail. They tried to have Lord Black give back his bail money in 2006, saying he lied on a similar affidavit, but that effort was unsuccessful, the report said.
The 65-year-old businessman was released from Florida's low security Coleman Federal Correctional Institution on July 21. His friend, Roger Hertog, posted his $2-million (U.S.) bail.
He had originally asked to return to Canada because his wife Barbara Amiel suffered an illness that would make it hard for her to stay with him at their home in Palm Beach, Fla.