International Coal Group, Inc. is a coal producer with coal mining operations in West Virginia, Kentucky, Maryland and Illinois.

According to a press release dated January 9, 2008, the Complaint charges International Coal and certain of its Officers and Directors with violations of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. The Complaint alleges that statements made by International Coal, including representations contained in its registration statements filed in connection with the November 21, 2005 reorganization and December 7-8, 2005 stock offering, and post-offering filings with the SEC were materially false and misleading in describing its business, including its capital requirements and equipment needs, the impact of their legally deficient safety and maintenance practices, and the historic foreseeable ongoing and current result of operations.

On March 10, 2008, an order was issued by the Court appointing Saratoga Advantage Trust as Lead Plaintiff in this Action. Lead Plaintiff’s selection of Finkelstein & Krinsk, LLP as lead Counsel was also approved.

On July 02, 2009, a first amended class action Complaint for violation of federal securities laws was filed in this action by the lead Plaintiffs against the Defendants.

On July 21, 2009, an Order was issued by the Court mooting the Defendants’ motion to dismiss as a result of the Plaintiffs filing the first amended class action Complaint.

On July 15 and 20, 2011, the parties filed Stipulation of Settlement. On August 1, 2011, the Court issued an order preliminarily approving the Stipulation of Settlement and setting a fairness hearing. On August 31, 2012, the Court granted final approval of the Settlement and entered Final Judgment.