Securities Experts & Warren Buffett Buyout

Warren Buffet's buyout of BNSF has spurred hearings on how and where four cases in Tarrant County, three in Dallas County, and five in Delaware will be consolidated into one class-action lawsuit over the cost of the take over. Buffett’s Berkshire Hathaway agreed to buy BNSF stock for $100 a share, a 31 percent premium over the previous day’s closing stock market price.

Dallas lawyer Trey Branham said says it’s difficult to predict how the judges will decide where the case should be tried.  Branham said such lawsuits are a way to make sure that small, individual stockholders get a fair return on their investment. The shareholders’ attorneys will seek to have expert witnesses testify that BNSF is worth more than the $100 a share Berkshire has agreed to pay.

For more, see www.star-telegram.com.