Lawyers representing a proposed class of about 4,000 independent truck stops announced Tuesday that they’ve reach a settlement in their antitrust lawsuit against leading trucker fleet payment card company Comdata Inc., as well as three national truck stop chains. As part of the deal, the defendants, which include Comdata’s parent company Ceridian LLC, have agreed to pay a total of $130 million in cash, with $100 million coming from Comdata and $10 million a piece from TravelCenters of America LLC, Pilot Travel Centers LLC and Love’s Travel Stops & Country Stores, Inc.
Plaintiffs co-lead counsel at Berger & Montague, Quinn Emanuel Urquhart & Sullivan, and Lieff, Cabraser, Heimann & Bernstein announced the deal in a press release Tuesday, as did Comdata. The parties are set to file settlement papers on Feb. 28 in the underlying case that’s pending before U.S. District Judge James Knoll Gardner in Allentown, Pa.
