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
Focus on Fuel Efficiency
Focus on Fuel Efficiency In today’s trucking environment, efficiency is the name of the game. Anyone can move goods from Point A to Point B.…