Pilot Flying J

Warren Buffett’s company buying Pilot Flying J

Berkshire Hathaway Inc., better known as billionaire businessman Warren Buffett’s company, has struck a deal to buy a 38.6 percent equity stake in Pilot Flying J, the truck stop/gas station company owned by Tennessee’s Haslam family.

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TNDP chair: If Haslam runs for Senate, Pilot Flying J will be an issue

News release from Tennessee Democratic Party

Nashville, Tenn. (September 29, 2017) – Mary Mancini, chair of the Tennessee Democratic Party, released the following statement on Gov. Haslam considering running for the US Senate:

“Gov. Haslam’s family company, Pilot Flying J, has been embroiled in a fraud scandal since 2013 that has resulted in 10 indictments and $170 million in fines. To this day, Gov. Haslam has not had to answer for these crimes, but he has likely profited from them as he still holds an undisclosed stake in the company.

Nobody knows how much he owns or has profited because his very first executive order eliminated requirements for the governor and top aides to disclose how much they earn in outside income.
If the Governor decides to run for US Senate, we expect there will be considerably more scrutiny of his finances and his family’s business practices.”

Jimmy Haslam deposition kept under wraps

Pilot Flying J President Jimmy Haslam emerged Tuesday evening from a daylong deposition in a civil lawsuit over the firm’s alleged diesel fuel rebate scam with another denial of any role or knowledge of the fraud to which several subordinates have confessed.

Further from the News Sentinel:

Haslam, who also owns the NFL’s Cleveland Browns, was ordered by an Ohio judge to submit to questioning by attorneys representing three trucking

that Pilot struck with dozens of other such companies after a high-profile raid in April 2013 of the company’s headquarters in Knoxville and the resulting indictment of more than a dozen executives and employees, including former Pilot president Mark Hazelwood.

The deposition spanned eight hours and took place at a Pilot conference center in Alcoa. It was not public. Attorney Chip Cooper, who represents two of the trucking companies, said Haslam is shielding a transcript of the deposition from the public.

“Regrettably, we can’t discuss the substance of Mr. Haslam’s testimony today,” Cooper said. “We can’t discuss it because Mr. Haslam insisted that his testimony be sealed and therefore shielded from public view. We plan to address this with the court in Ohio, and we encourage the press to do the same.”

Both Haslam and his attorney A.B. Culvahouse issued a statement Tuesday evening lambasting the three trucking firms and vowing Haslam’s innocence. They did not address the shield request.

“Our client openly and truthfully answered their questions,” Culvahouse said. “This entire exercise today was nothing more than an effort by the plaintiffs to harass the company into a windfall settlement.”