An Oregon jury on Monday found the utility PacifiCorp, a unit of Warren Buffett's Berkshire Hathaway Inc , liable in a $1.6 billion class action lawsuit over four of the wildfires that devastated the state in 2020.
Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File Photo
Jurors in Portland, where PacifiCorp is based, awarded more than $73 million of compensatory damages to 17 plaintiffs, following a seven-week trial in Multnomah County Circuit Court, the plaintiffs' lawyers said. PacifiCorp said it "plans to pursue appeals, and we are confident we will prevail," adding that "regardless of the outcome, a trial will never fully restore what was lost."
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Jury finds electric utility PacifiCorp liable in devastating Oregon wildfiresA jury in Oregon has found electric utility PacifiCorp responsible for causing devastating fires during Labor Day 2020 in a civil lawsuit
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Jury finds electric utility PacifiCorp liable in devastating Oregon wildfires; company to appealA jury in Oregon has found electric utility PacifiCorp responsible for causing devastating fires during Labor Day 2020 in a civil lawsuit. The jury awarded millions of dollars each to 17 homeowners who sued PacifiCorp a month after the fires, with most receiving $4.5 million and others $3 million for emotional distress. The jury also applied its liability finding to a larger class including the owners of nearly 2,500 properties damaged in the fires, which could push the price tag over $1 billion. Those damages will be determined later. PacifiCorp said it will appeal. The Portland utility is one of several owned by billionaire Warren Buffett’s Omaha, Nebraska-based investment conglomerate Berkshire Hathaway.
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