MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • June 6th, 2011 • International Coal Group, Inc. • Bituminous coal & lignite surface mining • Delaware
WHEREAS, the parties to the action in the U.S. District Court for the Southern District of West Virginia (the “West Virginia Federal Court”) styled Giles et al., v. ICG, Inc. et al., Civil Action No. 3:11-0330 (the “West Virginia Federal Action” or the “Action”) have reached an agreement-in-principle providing for the settlement of the West Virginia Federal Action on the terms and subject to the conditions set forth below;
MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • June 6th, 2011 • International Coal Group, Inc. • Bituminous coal & lignite surface mining
WHEREAS, the parties to the action in the Circuit Court of Putnam County, West Virginia (the “West Virginia State Court”) styled In re International Coal Group, Inc. Shareholders Litigation, C.A. No. 11-c-123 (the “Consolidated West Virginia State Action” or the “Action”) have reached an agreement-in-principle providing for the settlement of the Consolidated West Virginia State Action on the terms and subject to the conditions set forth below;
