Finkelstein & Krinsk LLP Announces Filing of Complaint for Securities Violations to Benefit Shareholders of International Coal G
10 January 2008 - 9:01AM
PR Newswire (US)
SAN DIEGO, Jan. 9 /PRNewswire/ -- Finkelstein & Krinsk LLP
today announced that a class action lawsuit against International
Coal Group, Inc., and certain of its Officers and Directors, has
been commenced in Federal Court in Charleston, West Virginia on
behalf of all persons and entities who, during the Class Period of
April 18, 2005, through June 6, 2006: (1) purchased securities in
ICG, Inc.; or (2) exchanged ICG, Inc. securities for International
Coal Group, Inc. (NYSE:ICG), pursuant to the November 2005
reorganization; or (3) purchased shares of International Coal
Group, Inc. subsequent to November 21, 2005. If you wish to serve
as lead plaintiff, you must move the Court for this purpose no
later than sixty (60) days from today. If you wish to discuss this
action, or have any questions concerning this Notice or your rights
or interests, please contact plaintiff's counsel, Jeffrey R.
Krinsk, or Finkelstein & Krinsk LLP, at 877-493-5366 or
619-238-1333, or via e-mail at . Any member of the putative class
may move the Court to serve as lead plaintiff through counsel of
their choice, or may choose to do nothing, and remain a member of
the putative class. 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.
Plaintiff seeks to recover damages on behalf of all class members.
The named institutional plaintiff is represented by the San Diego
law firm of Finkelstein & Krinsk LLP, which prosecutes class
actions in both state and federal courts throughout the country.
Finkelstein & Krinsk LLP is a force behind numerous corporate
reforms and has recovered hundreds of millions of dollars for
institutional and individual investors. Finkelstein & Krinsk
LLP The Koll Center 501 West Broadway, Suite 1250 San Diego, CA
92101 Tel: 619.238.1333 Fax: 619.238-5425 e-mail: DATASOURCE:
Finkelstein & Krinsk LLP CONTACT: The Koll Center of
Finkelstein & Krinsk LLP, +1-619-238-1333, fax,
+1-619-238-5425,
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