The Knoxville news today reported that Jimmy Haslam’s Pilot Flying J corporation has reached an agreement to settle fraudulent fuel rebate lawsuits out of court. The settlement, which was agreed to by federal judge James M. Moody in Arkansas involves the full repayment of all money owed to individual trucking companies plus six percent interest. Pilot Flying J will also cover the legal expenses of those companies, which could end up being all 4,500 enrolled in the rebate program to some extent.
Haslam released a statement saying that his customers “will get every dollar they are owed, with interest, without protracted legal battles, time delays or costly legal expenses.”
Cleveland.com reports that the agreement could cost Pilot Flying J upwards of $40 million for the fuel shortages, and another $14 million dollars in legal fees.
This doesn’t absolve Pilot Flying J of any legal ramifications. There is an ongoing federal investigation.
[Related: Federal Grand Jury investigating Pilot Flying J]