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Sysco Needs Lit Funder’s Prior Consent to Settle Its Own Cases, Per Arbitration Panel
Patent Market, Patent Watch, TPLF
Made public last week, a battle between Sysco and its litigation funder Burford Capital continues to heat up, with recent developments shedding light on the potential influence—and even power—that third-party funders can have over their clients’ settlements.
March 19, 2023
Burford Capital Accused of Blocking Settlements in Funded Litigation
Patent Market, Patent Watch, TPLF
A lawsuit filed by Sysco against its own litigation funder Burford Capital—which claims to have invested $140M in the food distributor’s price-fixing suits—has provided a behind-the-scenes look into the usually opaque business of litigation finance. The allegations in the Northern District of Illinois complaint also highlight one of the potential pitfalls of third-party litigation funding, namely, who calls the shots: the client, its counsel, or its funder.
March 10, 2023