The Berkshire Hathaway trial was canceled by the Haslam family

Jimmy Haslam, Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway.

Lacey O'Toole | CNBC

A billion-dollar trial to determine whether Berkshire Hathaway used an accounting system that significantly shortchanged the Haslam family in buying the family's remaining minority stake in Pilot Travel Centers has been overturned in Delaware Chancery Court.

The trial was scheduled to begin on Monday and conclude on Tuesday.

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