An Oregon Court of Appeals ruled that a 2023 jury trial's liability finding against PacifiCorp for wildfire damages cannot be broadly applied to thousands of plaintiffs without individual proof. The decision sends the class action back for reconsideration, potentially requiring each plaintiff to prove specific damages again. This could reduce PacifiCorp's wildfire damage payouts, which have already exceeded $1 billion in mini-trials. The ruling may be appealed, but it highlights challenges in managing large wildfire litigation classes. Meanwhile, Berkshire Hathaway Energy faces a separate class action over real estate commissions, and Warren Buffett steps back from CEO duties as Greg Abel takes a larger role at the upcoming annual meeting.
Larry Page's fortune surpassed $300 billion following a 3.9% rise in Alphabet shares, boosted by Warren Buffett's acknowledgment of Berkshire Hathaway's significant investment in the company. Berkshire Hathaway initially invested $4.3 billion in Alph...
Warren Buffett has decided to stop directing his annual Berkshire Hathaway donations to the Gates Foundation, citing Bill Gates' association with Jeffrey Epstein as "distasteful." Instead, Buffett is now giving his donations to four family-linked fou...
Warren Buffett is accelerating his donations of Berkshire Hathaway shares to four family foundations, aiming to give away all his shares within about eight years. He recently donated nearly $6 billion in shares, excluding the Gates Foundation, which ...
Warren Buffett, 95, is donating 9 million Berkshire Hathaway Class B shares to four family-linked foundations, excluding the Gates Foundation, which had been a major recipient for years. This shift follows concerns about the Gates Foundation's ties t...
In 2026, Berkshire Hathaway's B shares are down 1.8% year-to-date, trailing the S&P 500's 10.7% gain. A strong June helped reduce Berkshire's deficit but it still underperformed in Q2, gaining just over 3% versus the S&P's 16% tech-driven rise. Berks...
