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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 16, 1998
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Illinois Superconductor Corporation
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(Exact Name of Registrant as Specified in Charter
Delaware 0-22302 36-3688459
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(State of Jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.
451 Kingston Court, Mount Prospect, Illinois 60056
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 391-9400
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Item 5. Other Events.
Statement by Illinois Superconductor Corporation
Illinois Superconductor categorically denies the false allegations
contained in a lawsuit filed against the company, its directors and certain of
its former directors on January 6, 1998. The purported class action lawsuit
was filed by Jerome H. Lipman in the Circuit Court of Cook County, Illinois.
The company believes the lawsuit is entirely without merit and intends to
vigorously contest it.
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SIGNATURES
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
Dated: January 16, 1998 By: /s/ EDWARD W. LAVES
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Edward W. Laves
President and Chief Executive Officer
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