Berkshire Hathaway May Sue Sokol Over Lubrizol Deal

Law360, New York (April 27, 2011, 9:16 PM EDT) -- David Sokol could face legal action from Berkshire Hathway Inc., which said in a report released Wednesday that he violated company insider trading rules when he bought $10 million in Lubrizol Corp. shares before convincing Warren Buffett to buy the company.

The company's board of directors is considering suing to recoup the $3 million Sokol profited in the deal, according to the report, which said he violated his duty of candor to the company by not being forthcoming about the shares. The former Buffet protege also...
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