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.

Labaton Sucharow LLP, with offices in New York, New York and Wilmington, Delaware, is one of the country’s premier law firms representing institutional investors in class action and complex securities litigation, as well as consumers and businesses in class actions seeking to recover damages for anticompetitive practices. The Firm has been a champion of investor and consumer rights for over 45 years, seeking recovery of current losses and necessary governance reforms to protect investors and consumers. Labaton Sucharow has been recognized for its excellence by the courts and its peers. More information about Labaton Sucharow is available at www.labaton.com

CONTACT:

Stacey Szluka
212-907-0664
sszluka@labaton.com