October 22, 2009

Labaton Sucharow LLP Files Class Action Lawsuit Against Florida Cement and Concrete Producers

NEW YORK (October 22, 2009) — Labaton Sucharow LLP filed a class action lawsuit on October 21, 2009 in the United States District Court for the Southern District of Florida, on behalf of all individuals or entities that purchased Portland Cement or Ready Mix Concrete in Florida. The Proposed Class is seeking treble damages and injunctive relief under Section 1 of the Sherman Act.

Jay Himes, Partner and Co-Chair of Labaton Sucharow’s Antitrust Practice Group stated, "We intend to vigorously prosecute on behalf of our clients that have been hurt as a result of this major price fixing scandal."

Plaintiffs allege that Defendants eliminated competition in the markets for Cement and Concrete by charging artificially high prices for these products in Florida from at least January 1, 2000 to the present. Plaintiffs further allege that Defendants facilitated this conspiracy through in-person meetings, telephone conversations, and other communications. The complaint details the specific employees who participated in the conspiracy as well as the locations at which illegal pricing was discussed.

Defendants are Cemex Corp., Florida Rock Industries, Inc., Holcim (US), Inc., Lafarge North America, Inc., Lehigh Cement Company, Suwannee American Cement LLC, Titan America LLC and Votorantim Cimentos North America, Inc.

More information about Labaton Sucharow is available at www.labaton.com.