Berkshire subsidiaries file Chapter 11 to resolve asbestos, talc, environmental liabilities

BERKSHIRE HATHAWAY INC

Four indirect subsidiaries (Whittaker Clark & Daniels, Brilliant National, L.A. Terminals, Soco West) filed Chapter 11 on April 26, 2023 in New Jersey.
Subsidiaries were acquired in 2007 but had ceased operations in 2004; liabilities stem from asbestos, talc, and environmental claims.
No Berkshire entity ever operated those businesses or provided insurance for the acquisition.
Filing aims to manage and resolve legacy liabilities; companies had sold all operating assets prior to Berkshire's acquisition.

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