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Attorneys charging $1 million a month to get Easterday farms, ranches out of bankruptcy - Vimarsana News

Attorneys charging $1 million a month to get Easterday farms, ranches out of bankruptcy

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 applications on file. The total for four months is $4.67 million. That does not include the $1.4 million...

Court Date Delayed in Tyson Ghost Herd Case - Vimarsana News

Court Date Delayed in Tyson Ghost Herd Case

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

Easterday sale gets green light in bankruptcy court - Vimarsana News

Easterday sale gets green light in bankruptcy court

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 Easterday, his wife, mother and their companies. The parties, returning from the closed conference, outlin...

Easterday Ranch Bankruptcy Sale on Hold - Vimarsana News

Easterday Ranch Bankruptcy Sale on Hold

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 on the motion originally was scheduled for July 2, but the court granted a continuance to July 21. Ac...

Source: ocj.com
Oregon threatens to reject Easterday mega-dairy south of Tri-Cities - Vimarsana News

Oregon threatens to reject Easterday mega-dairy south of Tri-Cities

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 businesses with bankruptcy filings, his 24-year-old son bought all of his father’s interest in the...