"Haslam Family Lawsuit Against Berkshire Hathaway Over Truck-Stop Valuation Dropped"
The trial to determine if Berkshire Hathaway used an accounting method that undervalued the Haslam family's minority stake in Pilot Travel Centers has been unexpectedly canceled. The reasons for the cancellation are unclear, and it is unknown if a settlement has been reached or how this will affect other claims, including those of illicit payments by Jimmy Haslam. The outcome of the trial could have required Berkshire to pay up to $1.2 billion more for the Haslam's stake. The dispute centers around the use of "pushdown accounting," which the Haslams claim was unauthorized and reduced the value of their stake.