According to NewsNet5, a U.S. District Judge has approved an $84.9 million settlement between Pilot Flying J and nearly 6,000 trucking companies and customers, thus bringing the company one step closer to ending a nearly year-long battle.
U.S. District Judge James M. Moody has declared the settlement “fair, reasonable and adequate,” NewsNet5 reported.
The hearing took place this morning in Little Rock, Arkansas.
WATE reported that approximately $70 million has gone to to trucking companies that were owed rebate money.
In July, Pilot Flying J vowed to repay every company that had been shorted, plus interest.
Carriers and drivers that were not involved in that settlement were given until October to opt out of the settlement. Those who did not became part of the class-action suit.
Dozens of companies opted out and are now pursuing individual lawsuits against the company.
This is a developing story. We will make updates as they become available.