Haslam family, Warren Buffet settle truck stop dispute

Talia Naquin
·2 min read
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Editor’s Note: The video above is previous coverage on this story.

(WJW) – Berkshire Hathaway and the Haslam family have settled a billion-dollar lawsuit.

The dispute centered on the value of the Pilot Travel Centers.

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The Haslams, including Cleveland Browns owner Jimmy Haslam, sold Berkshire Hathaway 80% of Pilot for $11 billion in two separate deals, in 2017 and January 2023.

Both sides accused the other of accounting tricks to manipulate the value of the Pilot stations.

Pilot, which also operates under the Flying J brand, has about 650 locations and sold 13 billion gallons of fuel in 2022, according to Reuters.

  • CLEVELAND, OHIO – NOVEMBER 05: Cleveland Browns co-owner Jimmy Haslam looks on before the game against the Arizona Cardinals at Cleveland Browns Stadium on November 05, 2023 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)
    CLEVELAND, OHIO – NOVEMBER 05: Cleveland Browns co-owner Jimmy Haslam looks on before the game against the Arizona Cardinals at Cleveland Browns Stadium on November 05, 2023 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)
  • FILE – Trucks and cars drive by a Pilot Travel Center sign displaying fuel prices, June 20, 2022, in Bath, N.Y. Warren Buffett’s Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain to inflate the company’s value as Berkshire defends itself in a dispute over the company’s accounting practices, a Delaware judge said Wednesday, Dec. 13, 2023. (AP Photo/Ted Shaffrey, File)
  • FILE – Cleveland Browns football owners Dee, left, and Jimmy Haslam watch the action during the fourth day of NFL football training camp, July 28, 2019, in Berea, Ohio. The Haslams are not setting any public expectations for their team this season. There is enough pressure to win already. (John Kuntz/Cleveland.com via AP, File)
    FILE – Cleveland Browns football owners Dee, left, and Jimmy Haslam watch the action during the fourth day of NFL football training camp, July 28, 2019, in Berea, Ohio. The Haslams are not setting any public expectations for their team this season. There is enough pressure to win already. (John Kuntz/Cleveland.com via AP, File)
  • Cleveland Browns owner Jimmy Haslam watches warm ups before an NFL football game between the Cleveland Browns and the Pittsburgh Steelers in Cleveland, Ohio, Thursday, Sept. 22, 2022. (AP Photo/David Richard)
    Cleveland Browns owner Jimmy Haslam watches warm ups before an NFL football game between the Cleveland Browns and the Pittsburgh Steelers in Cleveland, Ohio, Thursday, Sept. 22, 2022. (AP Photo/David Richard)
  • An anonymous bidder offered up $2,679,001 to dine with billionaire Warren Buffet at the “Power Lunch with Warren Buffett” charity auction.
    An anonymous bidder offered up $2,679,001 to dine with billionaire Warren Buffet at the “Power Lunch with Warren Buffett” charity auction.

Details of the settlement were not disclosed.

The deal avoids a trial to resolve the dispute that was scheduled to begin Monday.

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Pilot released a statement on the settlement to FOX 8.

“Pilot Corporation, on behalf of the Company and the Haslam family, is pleased to announce that it has reached an agreement to fully settle the Delaware litigation between the Company and Berkshire Hathaway Inc., Pilot Travel Centers, LLC, and National Indemnity Company, including the dismissal of all claims and counterclaims against each other.”

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