Francisco Industries, Inc. (FRAZ)

[deet49]

https://www.wsj.com/articles/lafargeholcim-nears-settlement-over-property-in-cuba-11622067104

David Baron, an attorney at law firm Berliner Corcoran & Rowe LLP who is representing the plaintiffs, declined to comment. Grace Mead, an attorney at Stearns Weaver Miller Weissler Alhadeff & Sitterson PA who represents LafargeHolcim, also declined to comment.

The mediator, Layn Phillips, as well declined to comment, citing confidentiality constraints. Neither would a spokesman for LafargeHolcim comment.

The plaintiffs brought the lawsuit against LafargeHolcim, two of its subsidiaries, and three other entities, seeking up to $810 million in monetary damages, according to the complaint. The plaintiffs said they own 100% of claims to the property, and that those claims were certified by the Foreign Claims Settlement Commission, a quasi-judicial agency within the U.S. Justice Department, which valued the property at more than $11 million in 1969, according to the complaint.

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