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Billion-Dollar Lawsuits: Buffett Subsidiary Pacificorp Threatens Liquidity Shortage and Downgrading
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The utility company PacifiCorp, which belongs to the investor Warren Buffett, issued a serious warning on Monday: the company is facing significant liquidity shortages and the loss of investment grade status. The reason for this is the drastic acceleration of processes related to the devastating forest fires in Oregon from Labor Day weekend 2020. Buffett admitted months ago that there were errors regarding the fire liability of PacifiCorp. The c…
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