Jones Day Accused Of Duping Berkshire Hathaway Unit

Law360 (September 29, 2020, 6:32 PM EDT) -- A Berkshire Hathaway unit has contended in Texas state court that Jones Day was part of a conspiracy to trick it into overpaying for a German piping manufacturer and related businesses that were effectively on the verge of bankruptcy.

Months after securing a related €643 million ($755.1 million) arbitral award, Precision Castparts Corp. alleges in the complaint filed Thursday in Harris County, Texas, that the law firm worked to obscure the true financial state of Schulz Holding GmbH & Co. KG and related entities.

Amongst the issues cited by Precision, Jones Day failed to disclose documents that would have revealed Schulz's liquidity crisis, it drafted false disclosures...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!