Below is an intro excerpt from our CEO Nicole Clark‘s insightful Litigation Finance Journal article (out today!) on how #LitigationFinance Teams can conduct due diligence, identify opportunities & set alerting — across the US state trial court system!
“Nobody knows exactly what happened. Each party has their own account of the events that unfolded. This, however, is what we do know. Jalapeno peppers were everywhere. Nestled within the rolling hills of Ventura County in Southern California, Underwood Ranches, a family farm operated by Craig Underwood, had been growing the fruit for the past three decades, serving as the sole supplier for Huy Fong Foods, the company responsible for sriracha. Business boomed. Both companies expanded. The world was their oyster.
Then, in 2016, the paradise they built crumbled. Huy Fong Foods filed a lawsuit against Underwood Ranches, accusing the farm of overcharging for growing costs. In response, Underwood Ranches countersued, claiming breach of contract and financial loss. After a three-week trial, a jury for the Ventura County Superior Court found merit with both claims, awarding Huy Fong Foods $1.45 million and Underwood Ranches $23.3 million. Huy Fong Foods appealed the verdict, and, unable to claim its award, Underwood Ranches stood on the brink of financial collapse, left without the funds needed to pay its suppliers or its workers.”
Read on to learn how the case plays out!
👉 Access Entire Article: https://rb.gy/gtxtf8
P.S. Spoiler Alert, you may have a hankering for some #Sriracha after 🤪
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