April 27, 2001 |
Date of Report (Date of earliest event reported) |
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Illinois Superconductor Corporation |
(Exact name of Registrant as specified in its charter) |
Delaware |
0-22302
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36-3688459 |
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| (State or other jurisdiction of incorporation) |
(Commission File Number)
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(IRS Employer Identification No.) |
451 Kingston Court, Mt. Prospect, Illinois 60056 |
(Address of principal executive offices) (Zip Code) |
(847) 391-9400 |
(Registrant’s telephone number) |
| SIGNATURE | ||||||||
| EXHIBIT INDEX | ||||||||
| Press Release issued on 4/27/01 | ||||||||
Item 5. Other Events.
1. On April 27, 2001, Illinois Superconductor Corporation issued a press release announcing that a previously disclosed settlement of shareholder litigation was approved by the court on April 27, 2001, which will result in the Company receiving $5 million, less $1.5 million in legal fees. A copy of the April 27, 2001 press release is attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
Items (a) and (b) are inapplicable.
(c) |
Exhibits. |
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99.1 |
Press Release issued by Illinois Superconductor Corporation on April 27, 2001, announcing that a previously disclosed settlement of shareholder litigation was approved by the court on April 27, 2001, which will result in the Company receiving $5 million, less $1.5 million in legal fees. |
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.
ILLINOIS SUPERCONDUCTOR CORPORATION |
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By: /s/ Charles Willes |
Charles Willes, Chief Financial Officer |
Dated: May 2, 2001
Exhibit No. |
Description |
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99.1 |
Press Release issued by Illinois Superconductor Corporation on April 27, 2001, announcing that a previously disclosed settlement of shareholder litigation was approved by the court on April 27, 2001, which will result in the Company receiving $5 million, less $1.5 million in legal fees. |