Burford Entities Barred From Exiting $32.5 Million Cargill Deal

Two units of litigation funder Burford Capital Ltd. won’t be able to opt out of a $32.5 million deal with Cargill Inc. to settle claims the company colluded to raise turkey prices, after a judge ruled they failed to meet a key filing deadline.

Carina Ventures LLC and Amory Investments LLC, investment vehicles litigating the case as assignees of turkey purchasers, now remain bound to the settlement terms of a deal preliminarily approved by the court in January.

“Whether it’s one day, months, or years after—late is late,” Judge Sunil R. Harjani of the US District Court for the Northern ...