UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of
Report: January 6, 2009
ICO
GLOBAL COMMUNICATIONS (HOLDINGS)
LIMITED
(Exact
Name of Registrant as Specified in its Charter)
Delaware
(State
or other jurisdiction
of
incorporation)
|
001-33008
(Commission
File
Number)
|
98-0221142
(IRS Employer
Identification #)
|
Plaza
America Tower I
11700
Plaza America Drive, Suite 1010
Reston,
Virginia
(Address
of Principal Executive Offices)
|
20190
(Zip
Code)
|
(703)
964-1400
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
Pre
commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
|
Item
8.01 Other
Events.
On January 6, 2009, ICO Global
Communications (Holdings) Limited (NASDAQ: ICOG) issued a press release
announcing that the Los Angeles Superior Court has entered judgment on the
verdict the company received in its litigation against The Boeing Company and
its Boeing Satellite Services International subsidiary (collectively, “Boeing”)
(NYSE: BA). The judgment amount is $631,067,767.00. The
judgment consists of compensatory damages of $371 million and punitive damages
of $236 million, which the jury awarded in October 2008, plus pre-judgment
interest. Beginning January 2, 2009, post-judgment interest will
accrue on the full judgment amount at the rate of 10% per annum (simple
interest), or $63,106,777.00 per year.
The judgment is subject to
post-judgment motions, appeal and collection.
The full text of the press release is
attached hereto as Exhibit 99.1 and incorporated by reference
herein.
Item
9.01 Financial
Statements and Exhibits.
(d)
Exhibits.
Exhibit
No. Description
99.1 Press
release dated January 6,
2009
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
ICO
GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED (Registrant)
|
|
By:
/s/ John L.
Flynn
|
January 6,
2009
|
John
L. Flynn
Executive
Vice President, General Counsel and Corporate Secretary
|
|
|
EXHIBITS
Exhibit
|
Description of Exhibit
|
99.1
|
Press
release dated January 6, 2009
|