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Jimmyhaslam

All articles tagged with #jimmyhaslam

businesslegal2 years ago•0 min saved

"Haslam-Buffett Legal Showdown Trial Called Off for Monday"

The scheduled trial between Browns owner Jimmy Haslam and billionaire Warren Buffett over the value of the remaining 20 percent of Pilot Corporation has been canceled, suggesting an informal resolution to their legal dispute. Accusations had been made against Haslam regarding promised bribes to inflate the company's value, which he denied. Details of the settlement are not disclosed, but it implies that the parties involved have managed to resolve the conflict without going to court.

via NBC Sports|

##briberyallegations #businesslegal

business-and-law2 years ago•2 min saved

"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.

via Reuters.com|

##berkshirehathaway #business-and-law