Executive Producer
A former executive of Berkshire Hathaway subsidiary Forest River, who claims he "lost his job and had his reputation destroyed" because he followed Berkshire's Code of Business Conduct and Ethics, wants Warren Buffett to be questioned under oath in the case.
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Getty Images Forest River President and CEO Peter Liegl. |
Mart is asking a federal judge in Indiana to require a deposition of Buffett to illustrate Berkshire's control over Forest River, as part of an argument over jurisdiction.
Berkshire is opposed to a forced deposition of Buffett. A hearing is scheduled for two weeks from today on the matter.
In his formal legal complaint, Mart alleges he was fired after he followed Berkshire's code of conduct by reporting directly to Buffett on his belief that Liegl and Forest River were involved in "numerous unlawful schemes ... that diverted millions of dollars away from Berkshire Hathaway and into the pockets of Liegl."
Mart also says Liegl threatened his life for making the accusations.
Bloomberg quotes the attorney for Liegl and Forest River as saying, "There is no legitimate basis to the allegations of the threats or the fraud." They want Mart's lawsuit to be dismissed.
Mart helped arrange Forest River's sale to Berkshire in 2005.
Current Berkshire stock prices:
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Class B: [BRK.B 79.86 
0.39 (+0.49%) 
]
Class A: [BRK.A 119844.0 639.00 (+0.54%) ]
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