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0.000372340425531879 -0.000585106382978645 0.000691489361702103 -0.000151595744680743 -0.000531914893616991 0.00186595744680862 0.00819148936170208 0.00340425531914901
Stock impact report

Berkshire Hathaway unit wins 643 mln euro award over 'fraudulent' German pipemaker purchase [Reuters]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Reuters
Berkshire Hathaway unit wins 643 million euro award over 'fraudulent' German pipemaker purchase NEW YORK (Reuters) - Precision Castparts Corp, a unit of Warren Buffett’s Berkshire Hathaway Inc ( BRKa.N ), has been awarded 643 million euros ($700 million) in arbitration for having been fraudulently induced to buy a German maker of pipes and fittings. The award against Schulz Holding GmbH, whose U.S. and German businesses were purchased by Precision Castparts for 800 million euros ($870 million) in February 2017, was made on April 9 by a panel of the American Arbitration Association’s International Centre for Dispute Resolution. “This is not a close case,” the panel said in a 132-page ruling. “The evidence strongly points to fraud, and there is little in the record to suggest otherwise.” Precision Castparts, a maker of aircraft and industrial parts, asked a federal judge in Manhattan on Tuesday night to confirm the award. Berkshire paid $32.1 billion for Precision Castparts in January Show less Read more
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