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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of LZ

03-15-2011 09:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of Lubrizol Corporation (“Lubrizol” or the “Company”) (NYSE: LZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Berkshire Hathaway, Inc.

New York, NY, March 15, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Lubrizol Corporation (“Lubrizol” or the “Company”) (NYSE: LZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Berkshire Hathaway, Inc. (NYSE: BRK.A). Under the terms of the transaction, Lubrizol shareholders will receive $135 in cash per each share of Lubrizol they own. The transaction has a total value of approximately $9.7 billion, including the assumption of approximately $0.7 billion in net debt.

Click here to learn how to join the action: http://www.zlk.com/lubrizol-corporation-lz.html, or call: 877-363-5972.

The investigation concerns whether the Lubrizol Board of Directors breached their fiduciary duties to Lubrizol stockholders by failing to adequately shop the Company before entering into this transaction and whether Berkshire Hathaway is underpaying for Lubrizol shares, thus unlawfully harming Lubrizol stockholders. In particular, at least one analyst set a price target of $148.00 per share of Lubrizol stock.

If you own common stock in Lubrizol and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/lubrizol-corporation-lz.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience

Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

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