Case Page

 

Case Status:    SETTLED
On or around 09/11/2013 (Other)

Filing Date: January 07, 2008

According to a press release dated January 9, 2008, the complaint charges International Coal Group, Inc., and certain of its Officers and Directors, with violations of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. International Coal Group, Inc.is a coal producer with coal mining operations in West Virginia, Kentucky, Maryland and Illinois. The complaint alleges that statements made by International Coal Group, Inc., 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. The proposed settlement is in the amount of $1,375,000.00 in cash.

On August 1, 2011, the Court issued an order preliminarily approving the Stipulation of Settlement and setting a fairness hearing.

COMPANY INFORMATION:

Sector: Energy
Industry: Coal
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ICO
Company Market: New York SE
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.
COURT: S.D. West Virginia
DOCKET #: 08-CV-00011
JUDGE: Hon. John T. Copenhaver, Jr.
DATE FILED: 01/07/2008
CLASS PERIOD START: 04/28/2005
CLASS PERIOD END: 06/08/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  2. The Giatras Law Firm PLLC
    118 Capitol St., Suite 400, The Giatras Law Firm PLLC, WV 25301
    304.343.2900 304.343.2942 · steph@thewvlawfirm.com
No Document Title Filing Date
COURT: S.D. West Virginia
DOCKET #: 08-CV-00011
JUDGE: Hon. John T. Copenhaver, Jr.
DATE FILED: 07/06/2009
CLASS PERIOD START: 04/28/2005
CLASS PERIOD END: 06/06/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Finkelstein & Krinsk LLP
    501 West Broadway, Suit 1250, Finkelstein & Krinsk LLP, CA 92101
    877.493.5366 619.238.5425 ·
  2. The Giatras Law Firm PLLC
    118 Capitol St., Suite 400, The Giatras Law Firm PLLC, WV 25301
    304.343.2900 304.343.2942 · steph@thewvlawfirm.com
No Document Title Filing Date