Sue Me, Sue You Blues
December 22, 2011 - George Harrison once wrote a song titled the "Sue Me, Sue You Blues." Martin Marietta Materials and Vulcan Materials just may be singing that tune for awhile. Vulcan asked a federal court to block the Martin Marietta's blockbuster takeover bid, accusing the company of using confidential information “in the preparation of its hostile attack.” Vulcan, which filed its lawsuit in U.S. District Court in Birmingham, Ala., on Dec. 19, alleges Martin Marietta has inside information from earlier merger negotiations between the two companies and is “exploiting this informational advantage to buy Vulcan at an unfair price” in violation of a confidentiality agreement.
Published: Thursday, 22 December 2011 10:59
Written by Mark Kuhar
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