DOJ Enters Nonprosecution Agreement With Brazilian Reinsurer Over Alleged Scheme

Mealey's (April 25, 2023, 1:59 PM EDT) -- The U.S. Department of Justice (DOJ) and Brazilian reinsurance company IRB Brasil Resseguros S.A. (IRB) announced April 24 that they entered a nonprosecution agreement (NPA) under which IRB will pay $5 million to shareholders who sold stock on March 4, 2020, after a false claim that Berkshire Hathaway Inc. had made a substantial investment in the company....