The dispute between Berkshire Hathaway and the Haslam family over their multi-billion-dollar Pilot Travel Centers truck stop deal will not be going to court in Delaware tomorrow after all, CNBC.com’s Dan Mangan reports.
A notice from the court in the case’s docket says only, “This confirms that the trial scheduled in this matter for January 8 and 9, 2024 is hereby cancelled and has been removed from the Court’s calendar.”
The sudden cancellation would be consistent with a settlement, although nothing has been announced so far and no one involved in the case is commenting.
Presumably, an agreement on the Haslams’ claim that Berkshire improperly moved to reduce what it would have to pay for the 20% of PTC still owned by the family would also resolve the Omaha company’s counterclaim that Jimmy Haslam III secretly tried to raise that price by making secret payments to executives at the truck stop chain.
It wouldn’t, however, affect the investigation of Haslam by federal prosecutors that a lawyer for his company disclosed during a court hearing last month.
(See Friday’s newsletter for the long version of the accusations by both sides.)
