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David Sokol & Berkshire Hathaway: Insider Trading or Simply a Violation of the Corporate Opportunity Doctrine?

By now, everyone and his brother has had an opinion on the l'affaire Sokol. I've poked around a little and given it some thought. I think there are two issues. First is the corporate opportunity issue. I think that's pretty clear. The second, and more ambiguous issue, is the potential...

Berkshire Report on Sokol Trades

These are not good facts for Sokol. From the Berkshire board's report on Sokol's trading : Mr. Buffett was initially unimpressed with Lubrizol as apotential acquisition, but told Mr. Sokol to let him know what he learned at the meeting. He also told Mr. Sokol that he was unfamiliar with...

New Development in the Berkshire-Hathaway/Sokol Matter

We previously wrote here about a recent complaint filed in the Delaware Court of Chancery in connection with allegations that David Sokol, a member of Warren Buffett's inner circle at Berkshire Hathaway, profitted personally from what might be considered a corporate opportunity. Today, Professor...