Unassociated Document
 

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: March 2, 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 (see General Instruction A.2 below):
 
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 210.14d-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 March 2, 2009, ICO Global Communications (Holdings) Limited (ICO) (NASDAQ:  ICOG) issued a press release announcing that the Los Angeles Superior Court overseeing ICO’s litigation against The Boeing Company and its satellite subsidiary (“BSSI,” and, collectively, “Boeing”) (NYSE: BA) has denied nearly all of Boeing’s post-trial motions.  As a result of the rulings, the judgment previously entered on the jury’s compensatory and punitive damages verdicts against both The Boeing Company and its satellite subsidiary is now final.  The final judgment amount is $603,227,358.  Post-judgment interest will accrue on the judgment in the amount of 10% per year.

The award is subject to the risks of 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 March 2, 2009
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
ICO Global Communications (Holdings) Limited
 
(Registrant)
  
       
       
Dated:  March 2, 2009
By:
/s/ John L. Flynn
  
   
John L. Flynn
  
   
Executive Vice President, General Counsel and Corporate Secretary

 
 
 
 
EXHIBITS
 
Exhibit
Description of Exhibit
 
99.1
Press release dated March  2, 2009