Del Monte Can't Garnish Debt For $32M Award, Judge Affirms

By Chuck Stanley (May 16, 2017, 10:01 PM EDT) -- A Miami federal judge on Monday denied Fresh Del Monte Produce Inc.'s request to satisfy a $32 million arbitral award against a pineapple grower by transferring to Del Monte debt owed to the grower by a juice company, upholding a magistrate judge's recommendation.

U.S. District Judge Jose E. Martinez affirmed and adopted Magistrate Judge Jonathan Goodman's recommendation to deny Del Monte's request to garnish debt owed by TicoFrut SA to its supplier, a Costa Rican pineapple farmer locally referred to as Inprotsa, on the grounds the award had not been confirmed prior to the produce giant's request for garnishment.

In accordance...

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