"Billion-Dollar Bribery Dispute: Berkshire vs. Haslam"
Originally Published 2 years ago — by The Associated Press
Berkshire Hathaway will not be allowed to use allegations of bribery against Jimmy Haslam, owner of the Pilot truck stop chain, in a dispute over accounting practices, according to a Delaware judge. The lawsuit claims that Berkshire used accounting changes to artificially depress the price it would have to pay for the Haslam family's remaining 20% stake in Pilot. The judge ruled that the bribery allegations do not have a direct connection to Pilot's claims and restricted Berkshire's defenses. Meanwhile, federal prosecutors have reportedly launched an investigation based on Berkshire's bribery allegations.