Integrated Communication Network, Inc. Securities Litigation
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.
Company & Securities Information
Defendant: Integrated Communication Network, Inc.
Industry: Motion Pictures
Headquarters: United States
Ticker Symbol: ICNI
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Bakalor, et al. v. Integrated Communication Network, et al.