Berkshire Report Pins Sokol As Scapegoat, Suit Says

Law360, Wilmington (May 6, 2011, 9:21 PM EDT) -- A shareholder filed an amended complaint Thursday in Delaware blasting an audit report commissioned by Berkshire Hathaway Inc. for pinning David L. Sokol as a scapegoat for improprieties beyond merger insider trading allegations tied to the former Berkshire executive.

Mason Kirby filed a shareholder derivative suit April 19 saying Sokol abruptly quit Berkshire in March after loading up on more than 96,000 Lubrizol Corp. shares in January and then convincing CEO Warren Buffett that Lubrizol was a quality takeover target. The suit says Sokol owes shareholders...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.