As noted Monday in a report on the final court approval of the settlement Pilot Flying J reached with 5,500 trucking companies, the company will pay millions of dollars back to customers for fuel rebates it allegedly withheld, along with 6 percent interest and reimbursement for attorney’s fees and auditing fees.
However, that article said Pilot Flying J had agreed to pay $72 million in the settlement agreement, per documents filed with the court Friday, Nov. 22.
More recent court documents, however, show the number to actually be higher than that. Pilot Flying J will pay out $84.9 million in the settlement.
Here’s the breakdown:
Principle (money owed in fuel rebates): $56.5 million
Interest: $9.75 million
Audit costs: $4.5 million
Attorney’s fees: $14 million (if approved by the court)
Remainder: Attorney’s expenses, incentive awards, fees for notice services, fees for administration services
From our partners
Direct Drive or Overdrive?
There’s no single answer to this age-old debate The long-running debate over which type of transmission - direct drive or overdrive - provides the…