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The outlook is bleak for ICG Communications, which may end up in the buyout bargain basement next year if new funding doesn't materialize to pull it out of its slump. The telecom company faces class-action lawsuits filed by at least six law firms on behalf of ICG shareholders and the possibility that its major investors, Liberty Media and Hicks Muse, could initiate legal actions of their own.
October 02, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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