Source: Meating Place
Sysco Corporation said that it is entitled to full control of its price fixing claims, according to court documents.
Sysco opposed a petition from affiliates of Burford Capital Limited, which is a legal finance firm.
Sysco is one of a number of plaintiffs litigating antitrust claims in the Northern District of Illinois and the District of Minnesota against suppliers of chicken, pork, beef and other food products (“Antitrust Litigations”). Buford invested in Sysco’s complaint but now the distributor said the financer overstepped by vetoing an approved settlement between the company and defendants in the antitrust case.
Sysco accused Buford of using the court system as a “casino, in which financial speculators may gamble with claims that are not their own or prolong litigation for motives that (as here) have nothing to do with the funded litigants’ own claims, such as the ability to use one party’s claims to extract value relating to another investment entirely. “
In April, a federal judge overseeing numerous antitrust lawsuits involving the nation’s poultry industry denied Sysco’s motion to pull Buford into the fray.
