Berkshire Unit Poised for Win on Yacht Brokers Price-Fixing Suit

A “standard setting” exclusion in a yacht broker association’s directors and officers insurance policy lets a Berkshire Hathaway Inc. unit off the hook for price-fixing claims against the group, a federal magistrate judge said.

“Even though the policy does not specifically exclude antitrust claims, the facts and legal theories advanced in the Underlying Complaint link the allegations of price fixing and unreasonable restraint of trade to Defendant’s capabilities as a standard setting and rule promulgating association for the yacht broker industry,” Magistrate Judge Ellen F. D’Angelo of the US District Court for the Southern District of Florida wrote in a ...