A judge in Delaware ruled today that Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) would not have to face a lawsuit after trades made by David Sokol in December 2010. The former Buffett lieutenant had purchased the stock before recommending it to his CEO and having $9 billion of company funds invested in it. The allegations resulting from the trade led directly to Sokol's stepping down. The lawsuit was filed against both David Sokol and Warren Buffett.
It claimed wrongdoing in the trades made by Sokol. The plaintiff was a Berkshire Shareholder Mason Kirby...
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