Pilot Settlement Approved, Grand Jury Allegedly Convened

U.S. District Judge James M. Moody today granted preliminary approval to a proposed settlement agreement between Pilot Flying J and eight trucking companies that had sued over allegations of fuel rebate fraud. The agreement reportedly includes full repayment of any amount owed plus six percent interest, attorneys fees and an “incentive award” for each plaintiff. According to Pilot, at least 13 other suits outside the class are pending in other courts and as many as 4,000 could be members of the class. Meanwhile, news of a federal grand jury investigation into the company’s activities broke last week. Knoxnews has more on both developments.