If you purchased or otherwise acquired securities of ICG, Inc. or International Coal Group, Inc. (collectively, “ICG”) (trading symbol NYSE:ICO) between April 28, 2005 and June 6, 2006, inclusive, you could get a payment from a class action Settlement.
A class action settlement has been reached in a class action lawsuit against ICG, Inc. a/k/a International Coal Group, Inc. (“International Coal Group” or “ICG” or “Defendant”) pending in the United States District Court for the Southern District of West Virginia (styled Saratoga Advantage Trust, et al. v. ICG, Inc. a/k/a International Coal Group, Inc., et al.,, Case No. No. 2:08-0011) alleging, among other things, that International Coal Group ICG and certain ICG officers and directors violated the Securities Exchange Act of 1934 by issuing false and/or misleading statements and/or omissions in filings with the Securities and Exchange Commission concerning ICG’s coal production operations, safety record, and alleged historical environmental non-compliance, and allegedly made additional materially incorrect public statements prior to, and after, ICG’s November 21, 2005 Reorganization and Stock Exchange and December 8, 2005 Initial Public Offering of common stock, according to the International Coal Group ICG securities fraud class action settlement notice.
The International Coal Group ICG securities class action settlement reportely consists of all persons (including, as to all such Persons, their beneficiaries) who purchased securities of ICG between April 28, 2005 and June 6, 2006, inclusive.
Pursuant to the International Coal Group ICG securities class action Settlement, a $1,375,000 cash Settlement Fund will be established for the benefit of the ICG class.
The Court will hold a Settlement Fairness Hearing at 1:30 p.m., on November 14, 2011, at the Robert C. Byrd United States Courthouse, 300 Virginia Street East, Charleston, WV 25301 to consider whether the International Coal Group ICG securities class action settlement is fair, reasonable, and adequate.
For more information on the International Coal Group ICG securities class action settlement, visit the International Coal Group ICG Settlement Website:
www.icgclassactionsettlement.com
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