No. of Recommendations: 2
From BRK website 4/27/23
BERKSHIRE HATHAWAY INC.
NEWS RELEASE
FOR IMMEDIATE RELEASE April 27, 2023
Omaha, NE (BRK.A; BRK.B) '
On December 14, 2007, an indirect subsidiary of Berkshire Hathaway Inc. acquired the equity of
Whittaker, Clark & Daniels, Inc., Brilliant National Services, Inc., L.A. Terminals, Inc., and Soco
West, Inc. These companies had ceased their operations in 2004 and sold all their operating assets
prior to the acquisition, though they continued to face liabilities arising from asbestos, talc and
environmental claims. No Berkshire company ever operated, or had any involvement in, the
manufacturing and chemical operations that gave rise to the companies' liabilities, and no Berkshire
insurer issued it any insurance in connection with the acquisition. On April 26, 2023, these companies
filed voluntary petitions under chapter 11 of bankruptcy code in the United States Bankruptcy Court
for the District of New Jersey.
Anyone know what's going on?
