BUSINESSWEEK: Buffett’s Goldman Warrants Drop by Almost $1 Billion on
Lawsuit
By Andrew Frye
April 16 (Bloomberg) -- The value of Warren Buffett’s options to buy
Goldman Sachs Group Inc. shares dropped by $950 million after regulators
sued the bank for misleading clients on the sale of securities tied to the
subprime mortgage market.
The warrants, which give Buffett’s Berkshire Hathaway Inc. the right to buy
New York-based Goldman Sachs common stock for $115 a share, were worth
about $2.06 billi