Judge Approves $535 Million Talc Supplier Settlement With Berkshire Affiliate
A US bankruptcy judge approved a $535 million settlement between a defunct talc supplier and Berkshire Hathaway’s insurance unit, overruling objections that the deal would provide too little to resolve asbestos-related lawsuits.
A U.S. bankruptcy judge approved a $535 million settlement between a defunct talc supplier and an insurance unit of Berkshire Hathaway. The ruling rejected objections that the agreement would provide too little to resolve lawsuits alleging the supplier’s talc contained asbestos and caused ca…