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It typically is a rather straightforward matter when an insurance company pleads diversity jurisdiction. In some instances, however, the question of a defendants citizenship can be complicated or even unknown. A recent decision suggests how an insurer can plead diversity when it cannot reasonably ascertain the facts supporting jurisdiction.

A Delaware judge dismissed a shareholder lawsuit alleging that billionaire Warren Buffett and directors of Berkshire Hathaway Inc. failed to take proper action in response to stock trades by a former Berkshire executive ahead of the company's $9 billion acquisition of chemical manufacturer Lubrizol.

A Delaware judge dismissed a shareholder lawsuit alleging that billionaire Warren Buffett and directors of Berkshire Hathaway Inc. failed to take proper action in response to stock trades by a former Berkshire executive ahead of the company's $9 billion acquisition of chemical manufacturer Lubrizol.

Billionaire investor Warren Buffett says Europe's debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are performing well.

Berkshire Hathaway Chairman and CEO Warren Buffett said Thursday Congress is playing a dangerous game by considering not raising the U.S. debt ceiling.

Berkshire Hathaway Chairman and CEO Warren Buffett said Thursday Congress is playing a dangerous game by considering not raising the U.S. debt ceiling.

Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidates to replace CEO Warren Buffett.

Berkshire Hathaway saw its 2011 first-quarter net income drop more than 58 percent to $1.5 billion after catastrophes in the quarter caused estimated losses of nearly $1.7 billion.