{"id":752212,"date":"2023-04-27T13:06:29","date_gmt":"2023-04-27T17:06:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/berkshire-hathaway-inc-news-release-19\/"},"modified":"2023-04-27T13:06:29","modified_gmt":"2023-04-27T17:06:29","slug":"berkshire-hathaway-inc-news-release-19","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/berkshire-hathaway-inc-news-release-19\/","title":{"rendered":"Berkshire Hathaway Inc. News Release"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Berkshire Hathaway Inc. News Release<\/b><\/p>\n<p>OMAHA, Neb.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\n(BRK.A; BRK.B) \u2013 On December 14, 2007, an indirect subsidiary of Berkshire Hathaway Inc. acquired the equity of Whittaker, Clark &amp; 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\u2019 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.<\/p>\n<p><b>About Berkshire<\/b><\/p>\n<p>\nBerkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230427005844r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230427005844\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230427005844\/en\/<\/a><\/span><\/p>\n<p>\nMarc D. Hamburg<br \/>\n<br \/>402-346-1400<\/p>\n<p><b>KEYWORDS:<\/b> Nebraska United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Professional Services Online Retail Utilities Energy Technology Food\/Beverage Other Manufacturing Retail Rail Insurance Transport Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Berkshire Hathaway Inc. News Release OMAHA, Neb.&#8211;(BUSINESS WIRE)&#8211; (BRK.A; BRK.B) \u2013 On December 14, 2007, an indirect subsidiary of Berkshire Hathaway Inc. acquired the equity of Whittaker, Clark &amp; 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\u2019 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/berkshire-hathaway-inc-news-release-19\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Berkshire Hathaway Inc. News Release&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-752212","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Berkshire Hathaway Inc. News Release - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/berkshire-hathaway-inc-news-release-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkshire Hathaway Inc. 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