From Investing.com:

An unusual billion-dollar trial between Warren Buffett’s Berkshire Hathaway and the Haslam family was abruptly canceled just two days before it was set to begin in Delaware’s Court of Chancery. The trial was meant to determine the value of the Haslam family’s 20% stake in Pilot Travel Centers, the largest U.S. truck stop chain. The cancellation was confirmed by a docket entry on Saturday, authorized by Vice Chancellor Morgan Zurn. The trial was expected to feature testimony from Greg Abel, Buffett’s designated successor, and involve accusations from both sides regarding accounting tricks to manipulate the company’s earnings before interest and taxes. The trial’s outcome would have centered on whether Berkshire was required to obtain consent from the Haslams for accounting changes. Despite the cancellation, the trial’s implications underscore the importance of succession planning at Berkshire in light of the recent passing of vice chairman Charlie Munger. Abel, who is Buffett’s designated successor, was identified as a potential witness, while Buffett himself was not expected to testify.



Read more: Court cancels Warren Buffett, Jimmy Haslam trial over Pilot By Reuters