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Case Status:    SETTLED
On or around 01/05/1998 (Date of order of final judgment)

Filing Date: July 24, 1996

According to the Final Judgement, dated December 15, 1997, U.S. District Judge James L. King approved the motion for settlement. The plaintiff's counsel was awarded the sum of $166,667.67 as legal fees and $23,640.00 as reimbursement of their costs and out-of-pocket expenses to date. The case was closed.

According to the complaint, among the questions of law and fact involved herein which are common to the Class and which predominate over any questions affecting individual members of the Class, are:
(i) whether the federal securities law were violated by defendants' acts as alleged herein;
(ii) whether the Registration Statement and Prospectus omitted or misrepresented material facts concerning ICN and its business;
(iii) whether the Individual Defendants and the Defendant Underwriter exercised due diligence in connection with the Registration Statement and Prospectus; and
(iv) the extent of damages sustained by members of the Class and the appropriate measure of damages.

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