Litigation Funding Battle Over Litigation Control

April 26th, 2023|Categories: HB Risk Notes|Tags: , , , , , |

Sysco and Burford Capital Butting Heads Over Litigation Control. Food giant claims funder is interfering with antitrust litigation. Funder says its client is settling for too little.  Public dustups over litigation funding are rare. Leading litigation funder Burford Capital LLC and food distribution giant Sysco Corp. are locking horns over the control and use of litigation funds. Burford says Sysco is settling Burford-funded antitrust litigation for amounts that deny the financial company optimal return on its investment. Sysco says the funder has overstepped its bounds and interfered with Sysco’s litigation oversight. Sysco received $140 million from Burford in part to fund price-fixing lawsuits against poultry, pork and beef producers – complex multidistrict litigation involving hundreds of plaintiffs, dozens of defendants, and related criminal suits brought by the Department of Justice (DOJ). So far, settlements of private antitrust litigation have reached into the hundreds of millions, and DOJ has levied more than $100 million in fines. Burford, which gets a share of any settlements in the antitrust litigation, says Sysco is settling for too little. Sysco has sued companies associated with Burford – Glaz LLC, Posen Investments LP, and Kenosha Investments LP – claiming they are meddling in Sysco’s settlement efforts. Glaz, Posen, and Kenosha are all companies which have Burford Capital Limited as the only direct or [...]

Drug & Device Defense Forum | Oct. 15, 2018 | New York

May 13th, 2018|Categories: HB Tort Notes, Tort Litigation|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Sorry! This event has been cancelled. We had a good run for several years but all good things and all that. Look for the sessions to magically appear as part of our new webinar series. --Tom Hagy Emerging legal and business issues facing the pharmaceutical and medical device industries.    Conference Chairs Megan Grossman Shareholder Segal McCambridge Singer & Mahoney Ltd. Michelle Hart Yeary Of Counsel Dechert LLP James A. Frederick Partner Goodell DeVries Leech & Dann LLP When Oct. 15, 2018 Where Convene Well&, 151 W 42nd St Times Square, New York   Sponsors       Hotel Accomodations The Knickerbocker Hotel 6 Times Square, SE corner of 42nd & Broadway Weblink Reservations. $325 Premier King For 3 days pre & post conf reservations, contact Jenny Thorpe | 212-204-4976| jthorne@theknickerbocker.com Ask for "HB Litigation" conference rate. Cut-Off Date: Sept 23 CLE This event will be eligible for CLE Conference Registration Rates • $195 for in-house counsel at pharmaceutical, medical device and insurance companies. • $495 for attorneys in private practice • $395 for attorneys from faculty firms (promo code FAC395) Contact Us (484) 844-0437 Send us an Email Speaking Proposals Send us your idea Ideas@LitigationConferences.com Or go online: Faculty Questions: Faculty@LitigationConferences.com                  Faculty Dinner | [...]

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