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WOLF POPPER CHARGES GEMSTAR

WOLF POPPER LLP FILES CLASS ACTION

AGAINST LAFARGE NORTH AMERICA, INC.

    

 

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NEW YORK B February 8, 2006

Wolf Popper LLP has filed a class action lawsuit against Lafarge North America, Inc. ("Lafarge North America" or the "Company") (NYSE:LAF), Lafarge S.A. (12053.FR), Marshall A. Cohen, Bertrand P. Collomb, Philippe P. Dauman, Bernard L. Kasriel, Bruno Lafont, Claudine B. Malone, Blythe J. McGarvie, James M. Micali, Robert W. Murdoch, Bertin F. Nadeau, John D. Redfern, Philippe R. Rollier, Michel Rose, and Lawrence M. Tanenbaum. The action was filed in the Circuit Court for Baltimore City.

On February 6, 2006, Lafarge S.A. issued a press release announcing its intention to launch a cash tender offer for all outstanding shares of common stock of Lafarge North America not owned by Lafarge S.A. or its affiliates. Lafarge S.A. stated that it would offer the shareholders of Lafarge North America US$75 per share (the "Tender Offer"). The Tender Offer represents a mere 16.7% premium over the February 3, 2006, closing price of $64.25 per share. Lafarge North America’s common shares traded as high as $70.47 per share as recently as August 2, 2005. The complaint alleges that the Tender Offer price of $75 per share does not adequately reflect the expected growth in the Company’s profitability, in light of its continued growth in sales and profits.

The action is brought on behalf of all public shareholders of Lafarge North America who are threatened with the deprivation of the value of their shares of Lafarge North America common stock. The action seeks to enjoin Lafarge S.A. from depriving Lafarge North America minority shareholders of their equity interest in the Company for inadequate consideration and from usurping the benefits of the expected growth in the Company’s profitability for the defendants’ own benefit. The action also seeks damages in the event the transaction is consummated.

Wolf Popper LLP has extensive experience representing shareholders in class action litigation involving breaches of fiduciary duties and financial fraud and has successfully recovered billions of dollars for defrauded shareholders.

Class members who are interested in participating in this action, or other persons who have questions or information regarding the prosecution of this action, are urged to call or write:

Emily DeMuro, Investor Relations (edemuro@wolfpopper.com ) or E. Elizabeth Ferguson, Esq. (eferguson@wolfpopper.com ) • Wolf Popper LLP • 845 Third Avenue • New York • NY • 10022 Tel.:212.759.4600 • Toll Free:877.370.7703 • Fax:212.486.2093 • Toll Free Fax:877.370.7704 Email: irrep@wolfpopper.com

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