The two-day non-jury trial in Delaware's Court of Chancery was meant to determine the value of the Haslam family's 20% stake in Pilot Travel Centers, the largest U.S. truck stop chain.
Deposition testimony from billionaire Jimmy Haslam supports claims by Warren Buffett’s Berkshire Hathway that Haslam tried to bribe employees at the Pilot truck stop chain amid a dispute with Berkshire over the future of the company, a Berkshire attorney told a judge Thursday. In a deposition Tuesday, Haslam denied offering a “side payment” to Pilot Travel Centers controller David Clothier if the Haslam family exercises its right to sell its remaining 20% stake in PTC to Berkshire, attorney Ryan Stottmann told Vice Chancellor Morgan Zurn.
Haslam payments to Pilot execs won t be issue in Berkshire Hathaway trial freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.
A Delaware judge says Warren Buffett’s Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain as Berkshire defends itself in a trial over Pilot’s accounting practices