International Coal Group Faces New Securities Suit

Law360, New York (January 10, 2008, 12:00 AM EST) -- International Coal Group Inc., which owns the Sago mine in West Virginia where 12 miners perished in 2006, said Thursday that a recently filed putative class action alleging that the company misled investors about the impact of their “legally deficient” safety practices is baseless.

Monday, Saratoga Advantage Trust filed suit against ICG and four individuals in the U.S. District Court for the Southern District of West Virginia, alleging violations of the Securities Exchange Act of 1934. Monday's filing marks the second time ICG has been hit...
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