Several of the United States’ top turkey producers are seeking permission from an Illinois federal court to immediately appeal a March ruling. The controversial ruling permitted an investment unit of Burford Capital to proceed with price-fixing allegations against the producers. The turkey companies argue that the Seventh Circuit should take into consideration whether the investor is allowed to make such a claim.
These allegations and consequent legal proceedings stem from an investigation in the market practices of these turkey producers. Burford Capital, which specializes in litigation finance, believes it has grounds for a considerable claim.
The turkey companies’ swift response indicates an urgency to reject these allegations. They seem to believe that the Seventh Circuit, which holds the appellate jurisdiction over the Illinois federal court, could provide a more favorable hearing on whether Burford Capital should be permitted to bring such a claim.
For more detailed information regarding the case, you can read up on it on Law360.