A subsidiary of litigation funder Burford Capital has sued major U.S. turkey producers for alleged price-fixing, filing a case in Texas federal court after taking over rights from food distributor Sysco in a confidential settlement.
Carina Ventures filed the lawsuit on Friday in U.S. court in Houston against turkey meat suppliers Cargill, Tyson Foods, law firm Boies Schiller Flexner on behalf of Carina said Sysco paid artificially inflated prices amid an industry conspiracy to fix prices.antitrust rights from Sysco in the chicken, pork and beef antitrust litigation. The legal proceedings could raise new questions about whether and how litigation funders can directly control court cases in their drive to turn a profit.
Representatives from Cargill, Tyson and Perdue did not immediately respond to messages requesting comment. In court filings, Sysco had said Burford was unfairly trying to control the outcome of antitrust litigation by blocking the ability of Sysco to settle claims. Burford said Sysco was preparing to settle for amounts that it considered were too low.
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