Appearing in the Wall Street Journal, Burford Capital responds to the Sysco litigation in a Letter to the Editor, noting that "the suit is exemplary only of an admitted breach of contract."
In the letter, Burford CEO and co-founder Christopher Bogart and CIO and co-founder Jonathan Molot set the record straight regarding the recent dispute with client Sysco, which Burford provided with $140 million of capital to finance a group of claims.
Bogart and Molot write: “As you say, we told ‘60 Minutes’ that Burford’s clients are ‘free to run their litigations as they see fit.’ Our standard contract makes client control of their litigation clear. That was the deal we signed with Sysco, but unfortunately Sysco chose to breach that contract.”
