(BRK.A), (BRK.B)
French prosecutors on Tuesday launched an investigation into whether there was negligence on behalf of Berkshire Hathaway’s Lubrizol Corporation that caused the massive fire that destroyed the Lubrizol plant in Rouen, Normandy, France.
Paris prosecutor Remy Heitz released a statement that prosecutors where investing whether there was “involuntary destruction caused by fire due to an obviously deliberate breach of a security obligation”.
Fears of toxic chemical contamination from the September 27 fire are ongoing, but France’s Minister of Health previously announced that “first samples remain below the recommended thresholds of the normal environment.”
The Rouen plant was founded in 1954, and manufactured and packaged additives for lubricants and paint.
No casualties have been reported.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance