Earlier this week, U.S. District Court Judge James M. Moody approved the agreement to consolidate and oversee class action claims against Pilot Flying J and eight trucking companies that have filed lawsuits since the news of a fuel rebate scandal broke in April.
In a statement, Pilot CEO James “Jimmy” Haslam outlined the terms of the proposed settlement, which include paying all customers back 100 percent of what they are owned plus 6 percent interest.
Reactions to Judge Moody’s preliminary approval of the class settlement appear to be mixed, however, and all parties involved are not praising Haslam’s quick moves to make amends. Mark Tate, one attorney who represents several trucking firms who have sued Pilot, is reportedly saying a settlement is premature, pointing out that criminal charges are pending.
Another attorney, Don Barrett, who represents plaintiffs who have reached a settlement, has been quoted as saying it’s a great deal.
The class settlement involves eight plaintiffs negotiating on behalf of thousands of Pilot Flying J customers. The plaintiffs were National Trucking Financial Reclamation Services; Bruce Taylor; Edis Trucking; Jerry Floyd; Mike Campbell; Paul Otto; Townes Trucking; and R&R Transportation. The settlement was reached with the defendants, which include Pilot Corp., Pilot Flying J and James “Jimmy” Haslam III.
While the class settlement received preliminary approval from the court, the next hearing is scheduled for Nov. 25 to determine if the settlement should get final approval.