Precision Castparts Corp. is an American industrial goods and metal fabrication company that manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries.

According to the Complaint, it is alleged on October 13, 2015, as detailed herein, Defendants, to secure shareholder support for the unfair Acquisition of the Company by Berkshire, issued a materially false and misleading Definitive Proxy Statement Pursuant to § 14(a) of the Securities Exchange Act of 1934 (the “Proxy”). The Proxy contained numerous material misleading statements or omissions in an attempt to secure approval of the Acquisition.

On November 21, 2016, the Court appointed Lead Plaintiffs and Counsel. Lead Plaintiff filed an amended Complaint on January 5, 2017. Defendants filed a Motion to Dismiss the amended Complaint on March 6. On October 3, the Magistrate Judge recommended that the Motion to Dismiss should be denied in its entirety. On January 24, 2018, the Court adopted the Magistrate Judge's recommendations and denied the Defendants' Motion to Dismiss the amended Complaint.

On January 27, 2020, Lead Plaintiffs filed a second amended Complaint under protective order. On January 8, 2021, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on January 15. On May 7, the Court granted final approval of the Settlement and entered Final Judgment.