Berkshire shares ends in red as US threatens to sue unit over wildfire
Tue, Feb 27, 2024 8:26 AM

Berkshire shares ends in red as US threatens to sue unit over wildfire

A Flip by Riya Sharma
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Warren Buffett-led Berkshire Hathaway's shares closed down by more than 2% on Monday, slowing its march to $1 trillion market value on investor worries after the U.S. government warned of a lawsuit against its power company, PacifiCorp. Berkshire disclosed the risk of a lawsuit against its unit over its alleged failure to cover $356 million in costs associated with the 2020 Slater.

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