Ex-Berkshire Exec Dodges SEC Action Over Lubrizol Trades

Law360, New York (January 3, 2013, 11:09 PM EST) -- The U.S. Securities and Exchange commission will not take enforcement action against a former Berkshire Hathaway Inc. executive who left amid unwinding controversy over his purchase of Lubrizol Corp. shares before persuading CEO Warren Buffett to buy the chemical company, his attorney confirmed Thursday.

David Sokol’s attorney Barry Levine of Dickstein Shapiro LLP confirmed to Law360 that the SEC had informed him Thursday that its investigation of Sokol had concluded and that it would not take action against him.

“They have evaluated the facts and done...
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