Ex-Berkshire exec Sokol cleared in probe: report
NEW YORK (MarketWatch) — Former Berkshire Hathaway Inc. executive David Sokol has been cleared in a probe by the Securities and Exchange Commission into insider trading, according to press reports citing his lawyer. “There has been a thorough legal analysis and factual scrutiny and the SEC has concluded, as we have always maintained, that David Sokol never did anything wrong,” Sokol’s lawyer, Barry Wm. Levine told The Wall Street Journal. Sokol came under scrutiny after it was revealed he bought millions of dollars worth of Lubrizol Corp. stock before advising the purchase of the company by Berkshire Chairman and CEO Warren Buffett. Sokol resigned two years ago. A spokesman for the SEC declined to comment in a phone call with MarketWatch.
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