Court cancels Warren Buffett, Jimmy Haslam trial over stake in Pilot Travel Centers
NY Post
An unusual, billion-dollar trial between Warren Buffett’s Berkshire Hathaway and the billionaire Haslam family was canceled by the court on Saturday, two days before it was scheduled to start.
“This confirms that the trial scheduled in this matter for January 8 and 9, 2024 is hereby canceled and has been removed from the Court’s calendar,” said a Saturday docket entry for the case. The entry said it was authorized by Vice Chancellor Morgan Zurn, the judge.
The Haslam family, Berkshire Hathaway and the chambers for Zurn could not be reached for comment.
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.
It was expected to feature testimony from Buffett’s designated successor, Greg Abel.
The Haslams, including Cleveland Browns football team owner Jimmy Haslam, sold Berkshire 80% of Pilot for $11 billion in two separate deals, in 2017 and January 2023.
