Berkshire Hathaway Inc. News

Buffett’s PacifiCorp Suspected of Collusion By Wildfire Victims’ Law Firms

The law firms leading class-action litigation against PacifiCorp over the 2020 Labor Day weekend wildfires in Oregon want to examine whether the utility owned by Warren Buffett’s Berkshire Hathaway is colluding with other law firms to reach lowball settlements with …

Buffett’s NetJets Sues Pilots’ Union For Defamation Over Safety, Training Claims

NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed in a state court in Columbus, Ohio, where …

Berkshire Utility Settles 403 More Fire Claims for $178 Million

Berkshire Hathaway Inc.’s PacifiCorp said it agreed to pay $178 million to 403 victims of Oregon’s 2020 Labor Day wildfires, reducing the company’s exposure even as it still faces thousands of other claims. The accord announced Monday comes after attorneys …

Warren Buffett’s PacifiCorp Now Faces $30 Billion Fire Claim Demand

Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US. While the amount sought in an …

Buffett’s Property Brokerage Reaches Settlement in Realtor Case

HomeServices of America, a real estate brokerage owned by Berkshire Hathaway Inc., reached a settlement agreement in a lawsuit taking aim at agent commissions industrywide. The brokerage agreed to pay a total of $250 million over the course of four …

Buffett’s Oregon Fire Costs Grow as He Sours on Utilities

Berkshire Hathaway Inc.’s PacifiCorp was hit with at least another $29.3 million in damages for Oregon’s 2020 Labor Day fires, the latest blow for the company after Chairman Warren Buffett recently warned that he no longer views investments in western …

Berkshire Defends $8B Texas Power Proposal to Combat Blackouts

Berkshire Hathaway Inc on Saturday defended its $8 billion proposal to build natural gas plants in Texas to help reduce the threat of devastating blackouts such as those in February. “When you look at the power sector (in Texas), it …

Buffett Deputy Combs to Lead Geico While Running Portfolio

When he’s not managing a $14 billion stock portfolio for Warren Buffett, Todd Combs will now also be running the second-biggest U.S. auto insurer. Berkshire Hathaway Inc. tapped one of its two key investing deputies to replace Bill Roberts as …

Berkshire’s Jain Offers Plan to Reduce Costs at Gen Re

Ajit Jain, one of Warren Buffett’s top managers at Berkshire Hathaway Inc., has a message for the staff that he oversees at Gen Re: It’s time for their business to get much leaner and less bureaucratic. After taking charge of …

After Berkshire Accord Liberty Mutual Sells $750M Bond

Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett’s Berkshire Hathaway Inc. for covering the insurance company’s liabilities tied to asbestos. The 4.85 percent, 30-year notes were sold to …