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: October 31, 2008
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.
A
Los
Angeles Superior Court jury today awarded ICO Global Communications (Holdings)
Limited (NASDAQ: ICOG) $236 million in punitive damages in its case versus
The
Boeing Company and its Boeing Satellite Services International subsidiary
(collectively, “Boeing”) (NYSE: BA). Today’s award is in addition to the at
least $371 million awarded last week when the jury found Boeing liable for
fraud, tortious interference, and breach of contract. In addition, the Court
will determine the amount of pre-judgment interest to be added to the award,
which ICO expects to be approximately $100 million. The total expected judgment
to be entered against Boeing in favor of ICO is approximately $707 million.
The
award
is subject to the risks of post-trial motions, determination of the interest
amount, appeal and collection.
On
October 31, 2008, the Company issued a press release addressing the verdict.
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 October
31, 2008 |
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) |
|
|
|
|
October
31, 2008
|
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 October
31, 2008 |