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Precision Castparts Corp. et al v. Schulz Holding GmbH & Co. KG et al
Case Number:
1:20-cv-03029
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July 16, 2020
Judge Confirms $702M Award For Berkshire Hathaway Unit
A New York federal judge has confirmed a $702 million award for a Berkshire Hathaway unit that claims it was duped into buying a German pipe maker, saying an arbitral panel correctly parsed the unit's fraud and breach-of-contract claims.
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May 20, 2020
German Pipe Co. Says $700M Award Must Be Nixed
A German pipemaker has urged a New York federal court to vacate a €643 million ($702 million) arbitral award to a Berkshire Hathaway unit that claims it was duped into buying the manufacturer, saying arbitrators disregarded Delaware law barring damages for identical breach and fraud claims.
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April 15, 2020
Berkshire Hathaway Unit Wins €643M In Fight With Pipe Maker
A Berkshire Hathaway unit that fabricates industrial goods has won €643 million ($702 million) after arbitrators determined that it was duped into purchasing a German piping manufacturer that attempted to hide that it was on the verge of bankruptcy.