Investor Actions Roll In Over BNSF, Berkshire Deal

Law360, New York (November 9, 2009, 2:31 PM EST) -- Shareholders have filed three more putative class actions over Berkshire Hathaway Inc.'s proposed $34 billion cash and stock acquisition of Burlington Northern Santa Fe Corp., claiming the deal significantly undervalues the railroad operator.

The suits, all filed Friday in the Court of Chancery of the State of Delaware, allege BNSF's board of directors has agreed sell the railroad to Warren Buffett's company for a price that does not recognize the company's true value.

The lawsuits come just days after Berkshire announced that it would pick up...
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