Alleghany, an investment company focused on property and casualty insurance, and members of its board of directors were hit with a shareholder lawsuit Friday in Pennsylvania Eastern District Court over the company's proposed acquisition by Berkshire Hathaway. The case, brought by the Grabar Law Office on behalf of Matthew Whitfield, alleges that Alleghany's proxy statement in favor of the proposed $11.6 billion transaction fails to provide stockholders with certain material information. Counsel have not yet appeared for the defendants. The case is 2:22-cv-01667, Whitfield v. Alleghany Corp. et al.
Insurance
April 29, 2022, 4:17 PM