| Company: | Lafarge North America Inc. |
| Ticker Symbol: | NYSE: LAF |
| Date Filed: | Feb-08-06 |
| Lead Plaintiff Deadline: | April-08-06 |
| Court: | Circuit Court of Baltimore City, Maryland |
| Allegations: |
A securities class action has been filed in the Circuit Court of Baltimore City, Maryland on behalf of owners of the common stock of Lafarge North America Inc., ("Lafarge NA" or the "Company") (NYSE: LAF).
The Complaint alleges that Lafarge S.A. owns securities representing approximately 52% of Lafarge NA's outstanding equity securities and that Lafarge S.A. intends to make an offer to purchase all outstanding shares of common stock of Lafarge NA not owned by Lafarge S.A. or its affiliates, at a price of $75.00 per share.
The Complaint alleges that the price of $75.00 per share offered to the class members is unconscionable, unfair and grossly inadequate consideration and has been the object of manipulation because, among other things: (a) the intrinsic value of the stock of Lafarge NA is materially in excess of $75.00 per share, giving due consideration to the possibilities of growth and profitability of Lafarge NA in light of its business, earnings and earnings power, present and future; (b) the $75.00 per share price is inadequate and offers an inadequate premium to the public stockholders of Lafarge NA; and (c) the $75.00 per share price is not the result of arm's length negotiations but was fixed arbitrarily by Lafarge S.A. to "cap" the market price of Lafarge NA stock, as part of a plan for defendants to obtain complete ownership of Lafarge NA assets and business at the lowest possible price.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
By submitting this form, you are asking lawyers to contact you. You are under no obligation to accept their services and you are free to choose which lawyer you want to work with. Lawyers are usually paid out of the proceeds of the settlement or verdict rendered.
At LawyersandSettlements.com, it is our goal to keep you informed about important legal cases and settlements. We are dedicated to helping you resolve your legal complaints.
The Complaint alleges that Lafarge S.A. owns securities representing approximately 52% of Lafarge NA's outstanding equity securities and that Lafarge S.A. intends to make an offer to purchase all outstanding shares of common stock of Lafarge NA not owned by Lafarge S.A. or its affiliates, at a price of $75.00 per share.
The Complaint alleges that the price of $75.00 per share offered to the class members is unconscionable, unfair and grossly inadequate consideration and has been the object of manipulation because, among other things: (a) the intrinsic value of the stock of Lafarge NA is materially in excess of $75.00 per share, giving due consideration to the possibilities of growth and profitability of Lafarge NA in light of its business, earnings and earnings power, present and future; (b) the $75.00 per share price is inadequate and offers an inadequate premium to the public stockholders of Lafarge NA; and (c) the $75.00 per share price is not the result of arm's length negotiations but was fixed arbitrarily by Lafarge S.A. to "cap" the market price of Lafarge NA stock, as part of a plan for defendants to obtain complete ownership of Lafarge NA assets and business at the lowest possible price.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
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If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible class action lawsuit. Please fill in our form on the right to submit your complaint and we will have this lawyer review your securities complaint.By submitting this form, you are asking lawyers to contact you. You are under no obligation to accept their services and you are free to choose which lawyer you want to work with. Lawyers are usually paid out of the proceeds of the settlement or verdict rendered.
At LawyersandSettlements.com, it is our goal to keep you informed about important legal cases and settlements. We are dedicated to helping you resolve your legal complaints.
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