Berkshire Insurance Unit Sued in Minor League Baseball Dispute

A Berkshire Hathaway Inc. insurance unit was hit with a lawsuit from the owner of a former minor league baseball team in Oregon seeking payment for a $5.55 million judgment and defense costs in underlying litigation over failed negotiations for a new agreement with Major League Baseball.

Berkshire’s RSUI Indemnity Co. breached its contract by failing to pay legal costs incurred by the now-defunct National Association of Professional Baseball Leagues and one of its directors in the underlying suit brought by Sports Enterprises Inc., which owns the Salem-Keizer Volcanoes, SEI alleged in a new complaint filed Tuesday in the US ...