LexisNexis® Legal Newsroom
Thoughts About Sokol's Lubrizol Trades and the Berkshire Derivative Suit

Berkshire Hathaway Chairman Warren Buffett was not exaggerating when he stated at the opening of the company's March 30, 2011 press release ( here ) that the release "will be unusual." Not only did Buffett disclose the resignation of David Sokol as Chairman and CEO of several subsidiaries...

Thoughts On Shareholders' Derivative Claim Against Berkshire Hathaway

Berkshire Hathaway Chairman Warren Buffett was not exaggerating when he stated at the opening of the company's March 30, 2011 press release ( here ) that the release "will be unusual." Not only did Buffett disclose the resignation of David Sokol as Chairman and CEO of several subsidiaries...

Shareholder Derivative Lawsuit Over Deepwater Horizon Oil Spill Dismissed In Favor Of English Forum

A wave of litigation followed in the wake of the April 2010 Deepwater Horizon oil spill. Among this litigation were several shareholder derivative suits filed against certain directors and officers of BP and of its U.S. subsidiary. At the time these cases first arose, I asked whether or not these suits...

Delaware Chancellor Enters $1.26 Billion Award In Shareholders' Derivative Lawsuit

In an interesting October 14, 2011 post-trial opinion, Delaware Chancellor Leo Strine entered a $1.263 billion award in the Southern Peru Copper Corporation Shareholder Derivative Litigation. The lawsuit relates to Southern Peru's April 2005 acquisition of Minerva México, a Mexican mining...