After serving two years of a 6 1/2-year sentence, Black was released from a Florida prison last year pending appeal.
An appeals court in October reversed two of the 66-year-old's fraud convictions. It cited a U.S. Supreme Court ruling curtailing "honest services."
But it let stand a fraud and obstruction of justice conviction. Judge St. Eve's options include resentencing Black or freeing him for good based on time served.
Among the steps she could take Thursday is scheduling a resentencing date.
Black's expected to appear at the Chicago hearing.
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