Regulatory filing indicates Sokol knew of possible Lubrizol deal

According new regulatory filing, David Sokol a former executive with Berkshire Hathaway, was aware of the possible acquisition of additive maker Lubrizol Corp. by Berkshire Hathaway before buying almost US$10 million in Lubrizol stocks. from Berkshire Hathaway in the aftermath of the possible controversy. Warren Buffet has indicated that there was absolutely no inside information involved in the stock purchase and nothing illegal about the trades. John Coffee, a professor at Columbia Law School says, “This adds to the evidence against Sokol, but does not make it a slam dunk. But it is still open to question whether this information was material as of his purchases in early January.” (April 13, 2011)