AG Reviewing Proposed Pilot Settlement - Articles

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Posted by: Stacey Shrader Joslin on Sep 16, 2013

The Tennessean reports that state Attorney General Robert E. Cooper is reviewing a proposed settlement of multiple suits filed against Pilot Flying J, alleging that the company withheld millions of dollars in promised rebates to trucking customers. The “fairness review” comes as lawyers for some of the affected trucking firms have charged that the offer, with an estimated $40 million price tag, is far from adequate. The review is mandated under the federal Class Action Fairness Act. The proposed settlement, filed with a court in Arkansas, would pay trucking firms the amount that Pilot withheld plus six percent interest. Under the deal, the lawyers for the trucking firms could earn up to $14 million in fees.