Cement Co. Stuck With Contract Suit Over Dead Joint Venture

Law360, New York (February 09, 2012, 8:56 PM ET) -- FMT Aggregate LLC on Thursday sued Lafarge North America Inc. in Louisiana federal court, claiming the cement company leveraged information from a joint venture agreement to operate an Illinois quarry into a competing deal with another construction aggregate company.

FMT, which specializes in the transportation by barge of construction aggregates like crushed stone, gravel, sand and rock asphalt, said Lafarge's decision to prematurely end the joint venture cost it numerous business opportunities, as well as the money it had sunk into expanding its fleet to meet...
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