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Cases

Lafarge North America Inc. Class Action for Self-Dealing and Breach of Fiduciary Duty

Gardy & Notis, LLP has been appointed by the Court as lead counsel for shareholders of Lafarge North America Inc. (NYSE: LAF) challenging a going-private transaction based on allegations that shareholders will be cashed out an unfair $75 per share price through a coercive tender offer conducted by the corporate parent, Lafarge S.A. (NYSE: LR).

Gardy & Notis, LLP achieved a settlement of the case whereby Lafarge S.A. agreed to increase the tender offer price to $85.50 per share, representing a aggregate benefit to shareholders of over $383 million.

The case is Rice v. Lafarge North America Inc., Civil No. 268974-V, Circuit Court for Montgomery County (Business and Technology Court), Maryland.

For more information regarding the lawsuit or to obtain a copy of the complaint or any Court filings, please contact us.
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