Berkshire Hathaway And Haslam Family Resolve Dispute Over Pilot Travel Centers Stake

From Nasdaq:

Berkshire Hathaway and Pilot Corp. have reached a full settlement in their Delaware litigation, cancelling a scheduled trial. Berkshire currently owns 80% of Pilot Travel Centers, with the Haslam family retaining the right to prompt Berkshire to acquire their remaining 20% stake annually. The dispute revolved around differing accounting methods and allegations of executives inflating Pilot Travel Centers’ value to increase a buyout from Berkshire. The settlement marks the resolution of all claims and counterclaims between the companies.



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