Federal Judge Blocks Burford Capital from Replacing Sysco in Antitrust Litigation

A Minnesota federal judge has rejected the attempt by a unit of Burford Capital to replace Sysco Corp. as the plaintiff in significant price-fixing litigation involving pork and beef producers. The decision upholds a magistrate judge’s findings that enabling a litigation funder to assume control over antitrust settlements could have adverse consequences. This ruling may affect future dealings between litigation funders and corporate plaintiffs in complex antitrust cases. Detailed information on the case and the judicial decision can be found here.