It’s going to be a while before Pilot Flying J leaves the news for the rebate scandal that was uncovered, but today it seems that they’ve taken one very massive step. On Monday morning a judge approved a class action settlement of $85 million from Pilot Flying J to a majority of the trucking companies with claims against the corporation.
According to Channel 5 reporter Ron Regan, the settlement takes care of nearly 2,500 “accounts” while leaving approximately 150 that opted out of the settlement deal.
The settlement deal includes $66.2 million to be repaid in fuel rebates with 6% interest, plus $14 million in attorney fees and $4.5 million for costs associated with auditing trucking company accounts.
Of course as we’ve stated all along, this doesn’t change the government’s criminal investigation. What still hangs in the balance is what kinds of evidence the state has against Pilot Flying J and specifically against Cleveland Browns owner Jimmy Haslam. All along it’s seemed pretty obvious that the financial component of this case wouldn’t be difficult for Pilot to weather. But if Jimmy Haslam himself gets indicted for individual criminal charges, it’s a totally different set of issues.