Buffett Looks To Control Spin After Exec's Departure

Law360, New York (March 31, 2011, 6:05 PM EDT) -- Berkshire Hathaway Inc. CEO Warren Buffett is moving quickly to ward off any legal fallout and damage to his $206 billion empire's reputation, legal experts said Thursday, after news emerged that his top lieutenant bought Lubrizol Corp. shares before convincing Buffett to buy the company.

David Sokol, chairman of two key Berkshire Hathaway properties, resigned Wednesday after loading up on more than 96,000 Lubrizol shares at $104 per share in early January — just weeks before he convinced Buffett on Jan. 25 that Lubrizol was a...
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