28 April 2011 19:05 [Source: ICIS news]
HOUSTON (ICIS)--Berkshire Hathaway may sue a former executive to recover profits he made from trading in Lubrizol shares before Berkshire’s $9.7bn (€6.6bn) bid for the ?xml:namespace>
In an audit report issued late on Wednesday, Berkshire, which is controlled by
“[Sokol’s] purchases of Lubrizol shares while serving as a representative of Berkshire Hathaway in connection with a possible business combination with Lubrizol violated company policies, including Berkshire's code of business conduct and ethics and its insider trading policies and procedures,” the report said.
($1 = €0.68)
For more on Lubrizol and other producers visit ICIS company intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections