Manatt Wins Verdict for Client ICO Global Communications, Ltd

Business Wire, Oct 23, 2008

Boeing Faced with $370.6 Million Verdict in Contract Dispute

LOS ANGELES -- Manatt, Phelps & Phillips, LLP, the national law and consulting firm, announced that the firm has prevailed in Los Angeles Superior Court on behalf of its client ICO Global Communications (Holdings) Limited (ICO) (NASDAQ: ICOG) against The Boeing Company and Boeing Satellite Systems International (Boeing and BSSI). The jury found for ICO on its claims for breach of contract, tortuous interference, and fraud and has awarded ICO compensatory damages of over $370 million. The punitive damages phase of the trial is scheduled to commence on October 28.

Manatt partners Robert A. Zeavin and Barry W. Lee are leading the legal team for ICO. "This decision comes after months of trial and a lengthy deliberation period," said Mr. Zeavin. "While we are pleased with the decision of the jury, we need to remain focused on the next phase of the trial that is commencing next week," added Mr. Lee.

At the heart of the dispute is Boeing's wrongful conduct in failing to fulfill its contractual and legal obligations to build and to launch a fleet of satellites for ICO and then charging the communications company exorbitant sums to complete the project.

"The jury has now ruled on the facts in this case, and we are pleased that this case has reached a verdict after years of litigation," commented John Flynn, executive vice president and general counsel for ICO. "We are to thankful to have such an outstanding legal team as the one that Manatt Phelps & Phillips put together - Barry Lee and Bob Zeavin were the leaders, but they were supported by a cast of very diligent and hard working attorneys." In addition to Mr. Zeavin and Mr. Lee, the legal team includes Manatt attorneys Craig S. Bloomgarden, Ann M. Heimberger, Nicholas J. Wenbourne and Alison H. Mijares.

About Manatt, Phelps & Phillips, LLP

Manatt, Phelps & Phillips, LLP, provides legal and consulting services to a global client base from offices in Los Angeles, Orange County, Palo Alto, San Francisco, and Sacramento, California; New York City and Albany, New York; and Washington, D.C. Manatt includes Manatt Health Solutions, a healthcare policy and strategic business advisory group, and ManattJones Global Strategies, LLC, a wholly owned subsidiary that develops and implements strategies to expand client businesses and facilitate their effective competition in global markets. For more information, visit www.manatt.com, www.manatthealthsolutions.com, and www.manattjones.com.