Bankrupt Zacky Farms Settles Rival's Trademark Claims

Law360, San Francisco (July 8, 2013, 10:17 PM EDT) -- A California bankruptcy court Wednesday approved a deal worth more than $2 million between Foster Poultry Farms and debtor Zacky Farms LLC, ending a case accusing Zacky of flouting a trademark agreement and engaging in unfair competition by selling chicken under the Zacky Farms name after Foster purchased the farm.

Under the settlement greenlighted by U.S. Bankruptcy Judge Thomas Holman, Zacky Farms will pay Foster Farms an administrative claim of more than $1.2 million. Foster will also receive an additional unsecured claim of $937,396, and will...
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