After nearly four years of litigation, PAM Transport truckers will finally get to collect money owed to them after a federal court approved of a $16.5 million settlement on Friday.
On Friday, July 31, Judge Timothy L. Brooks of the U.S. District Court for the Western District of Arkansas granted final approval of a settlement between PAM Transport and more than 16,000 of its drivers. The settlement agreement was reached in February just one day before the trial was scheduled to begin.
PAM Transport had notified the court of its current “precarious financial situation,” according to the court order. The affidavit informs the court that the truckers would likely not get any more than the $16.5 million if the case were to proceed and end with a higher judgment. Of the more than 16,000 truckers in the class action, not one objection was filed and only two opted out of the settlement. Under those conditions, Judge Brooks was “confident that the settlement is fair, reasonable and adequate.”