Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidates to replace CEO Warren Buffett.

Sokol resigned a month ago after it was learned he made stock trades in chemical company Lubrizol before Berkshire announced its $9 billion acquisition of the company.

Sokol had been chairman of Berkshire's MidAmerican Energy, NetJets and Johns Manville units.

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Litigation