Litigation Funder Burford Sues Sysco Over $140 Million Antitrust Investment

Litigation Funder Burford Sues Sysco Over $140 Million Antitrust Investment
A Sysco sign outside one of their distribution centers in Poway, Calif., on Feb. 6, 2017. Mike Blake/Reuters
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A dispute between Sysco Corp. and the world’s largest litigation funder is broadening, as Burford Capital Limited seeks a court order to bar the food distribution giant from settling price-fixing claims against major U.S. chicken, pork, and beef producers.

Burford subsidiaries Glaz LLC, Posen Investments LP, and Kensosha Investments LP on Friday told a New York Supreme Court judge that Burford had advanced more than $140 million to Sysco in exchange for a share of any settlements in the antitrust litigation.