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Market Chatter: Berkshire Hathaway's PacifiCorp Reaches $150 Million Settlement in Wildfire Case
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Market Chatter: Berkshire Hathaway's PacifiCorp Reaches $150 Million Settlement in Wildfire Case
Jun 25, 2024 3:50 AM

06:40 AM EDT, 06/25/2024 (MT Newswires) -- Berkshire Hathaway-owned (BRK.A, BRK.B) utility PacifiCorp reached a $150 million settlement with 378 plaintiffs over the Slater wildfire in 2020 that destroyed parts of Oregon and northern California, Reuters reported late Monday.

The settlement resolves substantially all individual claims in northern California related to the fire, which burned about 157,000 acres and crossed into Oregon, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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