Overview

• Berkshire Hathaway and the Haslam family are accusing each other of manipulating the profits of Pilot, the nation's largest truck stop chain, to affect the price Berkshire would have to pay for the Haslams' remaining 20% stake in the company.
• Berkshire Hathaway alleges that Jimmy Haslam, owner of the Cleveland Browns, tried to bribe executives at Pilot to inflate the company's profits.
• The Haslam family counters that Berkshire is trying to keep earnings down with an accounting change at Pilot.
• A Delaware judge has scheduled a two-day January trial on the allegations the Haslams made about the accounting change, but it is unclear when Berkshire's bribery allegations will be tried.
• Berkshire Hathaway wants the court to prevent the Haslams from exercising their option to sell the rest of the company to Berkshire next year due to doubts about the accuracy of Pilot’s 2023 earnings.