March 31, 2011 – NEW YORK (Reuters) - Former Berkshire Hathaway <BRKa.N> executive David Sokol on Thursday said he did nothing wrong in buying stock in a company that he then suggested Berkshire acquire.
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Sokol, who was seen as the most likely successor to Berkshire Hathaway CEO Warren Buffett, made his comments on CNBC. Buffett released a letter Wednesday disclosing that Sokol bought a substantial stake in Lubrizol Corp <LZ.N> before urging Buffett to acquire the company, which the "Oracle of Omaha" did this month.
(Reporting by Ben Berkowitz; Editing by Derek Caney)