Concrete Systems Inc v. Pavestone Company

This diversity case stems from a failed real estate transaction between Concrete Systems Inc. (“CSI”) and Pavestone Co. (“Pavestone”). CSI owned a parcel of land on Pierce Avenue in Lakeville, Massachusetts (“the property”), that was equipped to operate as a concrete plant. Pavestone, a Texas company, wished to purchase the property so that it could increase its concrete business in the region, but after placing a $50,000 deposit and signing a purchase and sale agreement, Pavestone decided that it could not proceed with the closing.

After the sale fell through, CSI sued Pavestone on three…