Boeing $604 Million Verdict Reversal Won’t Get Rehearing

Pendrell Corp. (PCO) said the California appeals court that reversed a $604 million jury award the company’s ICO Global Communications Ltd. won against Boeing Co. (BA) has denied its request for a new hearing.

“Given the significant due process issues resulting from the late recusal of two appellate court justices from the case, and other errors contained in the Court’s decision, ICO intends to file a petition for review with the California Supreme Court no later than May 23,” Kirkland, Washington-based Pendrell said today in a statement.

A Los Angeles jury in 2008 found Chicago-based Boeing and its Boeing Satellite Systems International unit liable for breaking an agreement to build and launch 12 satellites for ICO. The appeals court last month said the trial judge should have granted Boeing’s request to set aside the jury’s verdict.

The case is Boeing Satellite Systems International v. ICO Global Communications, B214649, California Court of Appeals, Second Appellate District (Los Angeles.)

To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net