Trial canceled in Haslam family suit vs. Berkshire Hathaway over truck-stop company value
Publishing timestamp: 2024-01-07 12:14:15
Summary
The Delaware Chancery Court trial to determine if Berkshire Hathaway improperly used "pushdown accounting" at its subsidiary, Pilot Travel Center, has been canceled. The trial was supposed to determine the value of the Haslam family's remaining stake in Pilot Travel Centers, but it is unclear why the trial was canceled or if the dispute has been settled. Berkshire Hathaway had claimed that Jimmy Haslam III promised "illicit side payments" to boost the value of Pilot's stake.
Sentiment: NEUTRAL
Keywords: bill haslam, berkshire hathaway, lawsuits, tennessee, breaking news: politics, delaware, warren buffett, business, politics, breaking news: markets, markets, courts, trucking, laws, cleveland browns, breaking news: business, business news, berkshire hathaway inc, retail industry, jimmy haslam,
Source: https://www.cnbc.com/2024/01/07/trial-canceled-in-berkshire-hathaway-suit-by-haslam-family.html