Government sues Buffett’s NetJets unit for unpaid taxes

NetJets Inc, a private jet-sharing company owned by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N), was sued for $366.3 million by the government to recover unpaid taxes, four months after sued the government for nearly twice as much. Four NetJets units have “failed, neglected or refused” to pay excise taxes and related penalties between 2003…

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Lawsuit Seeks Sokol Remedy from Berkshire Hathaway

Berkshire Hathaway shareholder Mason Kirby filed a lawsuit last week against Berkshire Hathaway, company executives Warren Buffett and Charles Munger and other officers and directors, including director Bill Gates, as well as former NetJets chairman and CEO David Sokol. The complaint seeks “to remedy defendants’ breaches of fiduciary duties and obtain disgorgement of profits unlawfully obtained…

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NetJets Europe Sued over French Labor Laws

NetJets Europe has been summoned to appear at the Court of Bobigny, near Paris, on December 2, after three entities–French charter operator lobbying group Scara, French crew retirement fund CRPN and one pilot union–sued the fractional ownership company over alleged noncompliance with French labor laws. They allege that the flight crews of foreign countries working…

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