Sysco Corp. can’t turn over its claims in a pork and beef price-fixing lawsuit to litigation funder Burford Capital Ltd., a federal judge ruled Monday.
Sysco is seeking to swap Burford in as the plaintiff in multiple meat and poultry antitrust suits, which the funder gave the company $140 million to pursue. The moves came after Sysco and Burford squabbled over potential settlements in the cases, for an amount that Burford deemed too low.
The strategy has been met with contradictory rulings from federal judges in different jurisdictions.
Judge John R. Tunheim, of the US District Court for the District ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.