Lawsuit Overview
Settlement Overview
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August 31, 2012 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys' fees and expenses, and dismissed the action with prejudice.
August 1, 2011 - The court preliminarily approved the settlement.
July 15, 2011 - Parties filed stipulation of settlement.
August 6, 2009 - Defendants filed a motion to dismiss without prejudice.
July 21, 2009 - The court denied the defendants' motion to dismiss
July 6, 2009 - The lead plaintiff filed an amended complaint on behalf of investors who purchased ICO common shares between April 28, 2005 and June 6, 2006. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 28, 2005 and June 6, 2006.
June 19, 2009 - The court denied the defendants' motion to dismiss and granted plaintiff leave to file an amended complaint.
May 15, 2009 - Defendants filed a motion to dismiss.
February 3, 2009 - The court denied the defendants' motion to dismiss and abate without prejudice.
March 20, 2008 - The lead plaintiff and lead counsel were appointed.
March 13, 2008 - Defendants filed a motion to dismiss or abate.
March 10, 2008 - A lead plaintiff motion was filed.
January 7, 2008 - An investor in shares of International Coal Group Inc (NYSE: ICO acquired in 2011 by Arch Coal Inc and now trading on the NYSE sheets as NYSE: ACI) filed a lawsuit in the U.S. District Court for the Southern District of West Virginia against International Coal Group Inc over alleged violations of Federal Securities Laws.
According to the complaint the plaintiff charges International Coal Group Inc and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that between April 28, 2005 and June 8, 2006 defendant issued materially false and misleading statements regarding International Coal Group Inc's business and financial results.
The plaintiff alleges, International Coal Group Inc and certain of its officers and directors, violations of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder between April 28, 2005 and June 8, 2006. 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.
International Coal Group Inc is a coal producer with coal mining operations in West Virginia, Kentucky, Maryland and Illinois.