Page 9 - Cody Easterday News Today

<p><span>The Commodity Futures Trading Commission announced today that Chief Judge Stanley A. Bastian of the U.S. District Court for the Eastern District of Washington issued an order granting a permanent injunction against Easterday Ranches, Inc., and requiring it to pay a combined $263 million in restitution and civil monetary penalty in connection with a phantom cattle fraud scheme.</span></p>

<p><strong>Overview </strong></p>
<p><span>Easterday Ranches, Inc. (a cattle feedyard) made false statements to, and violated position limits established by, a futures exchange regulated by the Commission.  Accordingly, the Commission appropriately brought (and today settles) charges against Easterday Ranches of violating provisions of the Commodity Exchange Act (“CEA”) that specifically address these typ...

With farms, ranches and rural communities facing unprecedented threats, a worrying trend leads to a critical question: Who owns the water?

Cody Easterday wagered hundreds of millions of dollars on the price of beef. He lost.

Tyson Fresh Meats has gone to court to forcibly acquire the Pasco, Wash., feedlot that bankrupt cattleman Cody Easterday sold to a major competitor last year after bilking Tyson out of $233 million.

And the bills keep coming. Easterday Ranches filed for bankruptcy protection Feb. 1, followed by Easterday Farms one week later. The two Chapter 11 cases in U.S. Bankruptcy Court are being jointly administered “for procedural purposes only,” with court staff maintaining one file. Documents recently filed in the main case detail how much the three law firms hired by the Easterdays are seeking in compensation and reimbursement for Feb. 1 through May 31. They are the most recent fee appl...

Send Cody Easterday, a rancher from southeast Washington, pleaded guilty in March to defrauding Tyson Foods Inc. of $233 million and an unidentified company of $11 million Don’t Miss Out

YAKIMA, Washington — Two major creditors Wednesday, July 14, dropped their opposition to the sale of Easterday farms, clearing the way for the Mormon church to buy an Eastern Washington family farm brought down by debt and fraud. Prudential Insurance Co. and Equitable Life Insurance agreed to withdraw their objections during a mid-hearing break in U.S. Bankruptcy Court in Yakima. In return, they are guaranteed to receive most, if not all, of the millions of dollars owed them by Cody Easter...

LINCOLN, Neb. (DTN) — A hearing to determine Rabo AgriFinance LLC’s ability to block the sale of farm and ranch assets of southeastern Washington’s Easterday Ranches Inc., was delayed until the end of July. Easterday asked a federal bankruptcy court to issue a temporary restraining order and injunction against the creditor. Rabobank is trying to collect nearly $1.1 million owed it by Easterday, as the rancher who filed for Chapter 11 bankruptcy protection looks to sell assets. A hearing o...

BOARDMAN — Oregon officials have given Cody Easterday 15 days to withdraw his application to operate a controversial mega-dairy in Boardman, just south of the Tri-Cities. The application, which has been in the permitting process for two years, was filed naming Easterday as the owner or operator of Easterday Farms Dairy LLC. But around the same time the president of one of the largest agricultural operations in Washington state was pleading guilty to wire fraud and trying to protect his bus...