Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, announces that it has filed a class action lawsuit in the Court of Chancery of the State of Delaware, Krieger v. Wesco Financial Corp., et al., Case No. 6176, on behalf of the public shareholders of Wesco Financial Corp. (“Wesco” or the “Company”) (AMEX: WSC).

The complaint seeks to enjoin an alleged self-dealing transaction (the “Proposed Transaction”) by which the controlling and more than 80% majority shareholder of Wesco – defendant Berkshire Hathaway, Inc. (“Berkshire”) through its wholly owned subsidiary Montana Acquisitions, LLC (“Montana”) – seeks to acquire the remaining 19.9% of the shares of Wesco’s common stock that it does not presently own in exchange for cash or shares of Berkshire Hathaway Class B common stock, at the election of each shareholder. Based on the estimated shareholders’ equity of Wesco as of January 31, 2011, the Proposed Transaction values the 19.9% of Wesco at approximately $547.6 million.

The complaint further alleges that the Proposed Transaction is the product of a flawed process designed to sell Wesco to Berkshire on terms detrimental to the plaintiff and the other public shareholders of Wesco.

Request more information now by clicking here: www.faruqilaw.com/WSC or call us at 877-247-4292.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you have lost in excess of $100,000.00 in connection with your ownership of common stock in Wesco and wish to obtain additional information, please visit us at www.faruqilaw.com/WSC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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