No older or more successful trick In the script of the fraudster Selling worthless and/or non-existent things To a Gullible Senior.So when Jones Day’s fast-discussing international lawyers were accused of selling a German manufacturer that was about to go bankrupt, they (allegedly) knew Who should I call.
Jones Day of Berkshire Hathaway, led by Warren E. Buffett, which was sold to Berkshire in 2017 Al Hathaway’s subsidiary represents the owner of the pipe manufacturer. A lawsuit filed late last month accused Jones Davis of helping defraud Berkshire Hathaway by paying five times the value of the German company… The lawsuit accused Jones Dade of withholding documents that might expose William Schultz’s dangerous financial situation, and called the company an “accomplice” to “large-scale fraud…”
The lawsuit stated that William Schultz was “equivalent to a corporate legal person who wanted to redeem the house. The lawsuit argued that Precision Castparts never knew about the revised loan agreement because Jones Day rejected the agreement.
The lawsuit alleges that Jones Day also failed to disclose the report of the KPMG consulting firm commissioned by Schulz, which concluded that the company was facing an “imminent liquidity crisis.” The lawsuit stated that Jones Day did not inform Precision Castparts that German lawyers had warned Manager William Schultz that they were legally obliged to declare bankruptcy.