In a recent blow to multinational food corporation Cargill Inc. and leading turkey producer Butterball LLC, a bid to eject a Burford Capital unit from a price-fixing lawsuit was rejected. This announcement about the lawsuit, originating from Turkey’s poultry market, unearths further complications for the major producers involved.
The Burford Capital unit is acting as a plaintiff in the case, asserting that there was unlawful price-fixing among the defendants, including Cargill and Butterball. The dismissal motion filed by the defendants was an attempt to remove the litigation funding corporation from active participation in the case on the arguments of having no justifiable interests. However, this move was refused, therefore, the litigation process will continue with Burford Capital’s involvement.
What remains to be seen is how this decision will affect the proceedings of this case, and more broadly, the corporate repercussions in Turkey’s poultry market. With major players like Cargill and Butterball implicated, the case could have larger ramifications for the field of agri-business on a global scale.
New information will be provided as the legal proceedings progress. For more details about this case and to stay updated, follow the coverage from Bloomberg Law.