Judge Approves $535 Million Berkshire Talc Bankruptcy Deal
A New Jersey bankruptcy judge approved a $535 million deal for Berkshire Hathaway and others to resolve asbestos-injury liabilities tied to a defunct affiliate, rejecting claims that deal negotiators were conflicted.
A New Jersey bankruptcy judge approved a $535 million agreement involving Berkshire Hathaway and others to settle asbestos-injury liabilities linked to a defunct affiliate. The judge rejected claims that the deal’s negotiators had conflicts of interest. Judge Michael Kaplan of the U.S. Bankruptcy Court in Trenton, N.J., issued the approval.