"Buffett-Haslam Pilot Trial Called Off by Court"
A Delaware court canceled a billion-dollar trial between Warren Buffett's Berkshire Hathaway and the Haslam family over the valuation of the Haslam's 20% stake in Pilot Travel Centers. The trial was set to resolve a dispute involving accounting methods that affected the stake's value, with accusations of accounting tricks from both parties. The outcome hinged on whether Berkshire was required to obtain the Haslams' consent for an accounting change. The trial's cancellation occurred shortly after the death of Charlie Munger, Buffett's long-term confidante, and was to feature testimony from Buffett's designated successor, Greg Abel.
