New Orleans pension fund sues Buffett's Berkshire Hathaway

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US - The Employees Retirement System of the City of New Orleans (NOERS) has sued Warren Buffett's Berkshire Hathaway and Burlington Northern Santa Fe (BNSF) alleging Berkshire's planned acquisition of BNSF discriminated other investors.

Under the terms of the proposed acquisition agreement announced on November 3, Berkshire will purchase the remaining shares of BNSF that it does not currently own for US$100 a share. Berkshire alre...

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