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Haslam Family and Berkshire Hathaway in Legal Dispute Over Pilot Truck Stop Chain

Berkshire Hathaway accuses Haslams of bribery to inflate profits, while Haslams refute allegations and accuse Berkshire of understating earnings.

  • Warren Buffett's Berkshire Hathaway company has accused the Haslam family of bribing executives at the Pilot truck stop chain to inflate the company's profits.
  • The Haslam family, which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam, has refuted these allegations, calling them a 'wild invention'.
  • The dispute is set to be resolved at a January trial, which will also determine the price Berkshire Hathaway might have to pay for the Haslams' remaining 20% stake in Pilot.
  • Berkshire Hathaway is seeking to prevent the Haslams from selling the rest of the company to them next year, citing doubts about the accuracy of Pilot's 2023 earnings.
  • The Haslam family has accused Berkshire Hathaway of trying to understate Pilot’s earnings this year by changing its accounting practices.
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