The Pilot Flying J legal saga may soon be coming to an end. Today, U.S. District Judge James M. Moody approved a proposed settlement agreement between Pilot Flying J and eight of the companies that have filed suit.
Some estimate that the settlement amount may reach $35 million.
Per the settlement agreement, Haslam said that customers will receive the money they are owed, plus 6% interest and court, administrative and legal fee reimbursement “ensuring our customers will get every dollar they are owed, with interest, without protracted legal battles, time delays or costly legal expenses.”
The leading attorney representing the trucking companies, Don Barrett, said that Haslam is “intent on doing the right thing” by agreeing to a quick resolution of the litigation and called Haslam “a man of integrity.”
“Jimmy Haslam took the position early on he was going to do the right thing and this is one more step in getting this done,” said Pilot Flying J Attorney Aurbrey Harwell, Jr.
As part of the settlement agreement, there is “no admission of liability” on Haslam or Pilot Flying J. The agreement states, “the parties entered into the Settlement Agreement solely for the purpose of compromising and settling disputed claims.”
“Nothing in the agreement shall be construed, deemed, or offered as an admission by any of the parties or any member of the settlement class for any purpose in any judicial or administrative action,” the suit states.
“This is an unfortunate time for our customers and our company, but we remain committed to making things 100% right with our customers, to put systems in place to help ensure this does not happen again, and to re-earn our customers trust,” Haslam said.
To read the entire settlement agreement, follow this link.