Holland | Government reweigh over charges settled & its pay back time !

[wongway]

https://investors.myyellow.com/.../yellow-corporation...
$6,800,800.00!
"Yellow Corporation (the “Company”) announced earlier today that it has entered into a settlement agreement with the United States government settling a nearly 13-year-old civil litigation with the Department of Defense (the “DOD”) relating to credits for the reweigh of certain freight shipments between 2005 and 2013, all of which pre-date the Company’s current management. In entering into the settlement agreement, the Company admitted no liability while denying the government’s core allegations. The settlement with the DOD will result in, among other things, a cash payment from the Company of approximately $6.8 million to the DOD and a mutual release of certain claims among the parties to the settlement agreement. A copy of today’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference."

 

[BIG R GUY]

https://investors.myyellow.com/.../yellow-corporation...
$6,800,800.00!
"Yellow Corporation (the “Company”) announced earlier today that it has entered into a settlement agreement with the United States government settling a nearly 13-year-old civil litigation with the Department of Defense (the “DOD”) relating to credits for the reweigh of certain freight shipments between 2005 and 2013, all of which pre-date the Company’s current management. In entering into the settlement agreement, the Company admitted no liability while denying the government’s core allegations. The settlement with the DOD will result in, among other things, a cash payment from the Company of approximately $6.8 million to the DOD and a mutual release of certain claims among the parties to the settlement agreement. A copy of today’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference."

So partner. Obviously during the Zollars, laughing stock of the trucking world era, which was when this ,allegedly happened, which may, or may not have actually happened,( yeah right), YRC admitted no liability, but is paying the DOD, $6.8 million as a good gesture? See. And you thought they were only worth 15 percent of worthless?

 

[skullcramp]

Well there goes the D bag twins quarterly "retention bonus"

 

[wongway]

Funny thing is they got $6.8 million for this , but never any money to pay back whats owned to the pension fund or my -15% Yellow child support also ????