Foster Farms, Beazley Settle Chicken Antitrust Insurance Fight

Chicken producer Foster Farms LLC settled a dispute with Beazley Insurance Co. over coverage for underlying antitrust litigation on the eve of oral arguments before a federal appeals court.

In a Thursday filing, the parties informed the US Court of Appeals for the Ninth Circuit that the oral arguments scheduled for Friday would be unnecessary because they had settled the dispute.

Foster was seeking coverage from Beazley under an excess directors and officers liability insurance policy for litigation alleging the poultry production company colluded with others to inflate the price of broiler chicken. Foster Farms and other producers have reached ...