Settlement Reached in Pilot Flying J Case
Pilot Flying J Ordered to Pay $84.9 Million to Scammed Customers
As many people within the trucking industry are aware, the Nation’s largest truck stop chain “Pilot flying J” has been in the middle of a rebate scandal since mid-April. The company was being sued over claims that truckers did not receive the fuel rebates to which they were entitled after a purchase. Today, a Federal Judge in Little Rock, Arkansas approved a $84.9 million dollar settlement to be paid out to the trucking companies who filed the claims. The money includes the rebates as well as 6% interest. According to some reports, Pilot Flying J has as many as 2,400 account with rebate discrepancies.
Although Flying J has admitted to no wrong-doing, seven employees have pleaded guilty to federal charges for their involvement. The settlement comes with a long list of criteria that Flying J must meet in order to satisfy the court. As of this time, no written objections from the company have been filed. CEO Jimmy Haslam has stated that he was not a part of the scam, while his attorney (Aubrey Harwell) backs up the story saying that “in terms of his knowing or participating in any of this, it absolutely, irrevocably didn’t happen.” Haslam is the owner of the Cleveland Browns and brother to Tennessee Governor Bill Haslam. Pilot flying J has already begun sending out rebate checks to the companies who were scammed, as the refunds must be issued within 30 days of the court’s final approval of the settlement.
Let us know what you think about this settlement in the comments section below, and check out www.cargoequipmentcorp.com for great deals on all your cargo needs!