Did Berkshire Hathaway know about David Sokol’s purchase of 96,000 shares of Lubrizol before Berkshire became interested in the company as a takeover bid? Law professor Cornelius Hurley is director of Boston University’s Center for Finance, Law & Policy (formerly the Morin Center for Banking and Financial Law) and former counsel to the Fed Board of Governors. He offers his comment on the continuing controversy surrounding Sokol’s resignation from Berkshire and the details emerging from a new regulatory filing.
“What are the chances David Sokol’s ‘front-running’ scheme at Berkshire Hathaway reflects a pattern of past abusive behavior? I’d say they are very high and warrant a full SEC investigation.”
Contact Cornelius Hurley, 617-353-5427, firstname.lastname@example.org