Berkshire Hathaway Inc. (BRK-A)
Pre-Market:
- Reuters
UPDATE 1-Warren Buffett's PacifiCorp faces $30 billion of new wildfire claims
A utility owned by Warren Buffett's Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected. One thousand victims filed claims against the PacifiCorp utility on Monday in a state court in Portland. The claimants were added to litigation where a jury last June ordered PacifiCorp to pay $90 million to 17 claimants for gross negligence over its failure to shut down power lines during a Labor Day windstorm.
- Bloomberg
Warren Buffett’s PacifiCorp Now Faces $30 Billion Fire Claim Demand
(Bloomberg) -- 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.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysAmazon Reports Strong Cloud Unit Sales on Rising AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO Quinn Unex
- Reuters
Warren Buffett's PacifiCorp faces $30 billion of new wildfire claims
(Reuters) -A utility owned by Warren Buffett's Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected. One thousand victims filed claims against the PacifiCorp utility on Monday in a state court in Portland. The claimants were added to litigation where a jury last June ordered PacifiCorp to pay $90 million to 17 claimants for gross negligence over its failure to shut down power lines during a Labor Day windstorm.
