Buffett's Berkshire is sued by Haslam family over Pilot truck stop takeover
© Reuters. FILE PHOTO: A Pilot Flying J travel center is pictured in Channelview, Texas, U.S., Oct. 31, 2021. REUTERS/Gary McWilliams/File Photo) is being sued by the billionaire Haslam family, which accused the conglomerate of using improper accounting to devalue its remaining 20% stake in Pilot Travel Centers, the largest U.S. truck stop operator.
The complaint said the family objected repeatedly, but Buffett refused to commit not to use pushdown accounting. Estimates about how much of a"windfall" the Haslams said Berkshire would receive at their expense because of its accounting were redacted.
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