Pilgrim’s Pride Corporation has successfully navigated a legal challenge concerning allegations of chicken price-fixing brought forward by a unit of Burford Capital LLC. Following a judgment from an Illinois federal judge, it has been determined that Pilgrim’s Pride and Sysco Corporation remain bound by a settlement originally agreed upon between the two companies. Burford Capital contested this agreement, arguing that the settlement amount was insufficient.
The decision signifies a pivotal moment for Pilgrim’s Pride, as it effectively allows the company to evade the claims related to the purported price-fixing scheme. The ruling underscores the complexities involved in litigation funding and settlement agreements. For a comprehensive analysis, you can read more about the case in the full article on Law360.