ICO Global Statement On Boeing Litigation Appeal
ICO Global Communications (Operations) Ltd. (“ICO”), a subsidiary of Pendrell Corporation, was notified that its petition for rehearing filed on May 1 with Division 8 of the California 2nd District Court of Appeal (the “Court”) in its litigation with The Boeing Company and certain of its subsidiaries was denied. The Court also denied ICO’s request for publication of the Court’s opinion. The denials were issued by the same panel of justices that issued the Court's decision overturning a $603 million jury verdict against Boeing and its subsidiaries for fraud, tortious interference and breach of contract.
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