CASESLafarge 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.