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A tentative settlement has been reached to allocate money from the fraud-driven bankruptcy sale of Cody Easterday's farms in Eastern Washington. The agreement between the Easterday family and creditor committees
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 âfor procedural purposes only,â 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...
Courtesy of Easterday Farms' public Facebook page Updated Monday, Feb. 8, 2021, 5 p.m. PT The Easterday family spread unfurls across the Columbia Basin — yawning onion farms, massive potato sheds, huge swaths of ground cut into pens for cattle and a fleet of employee vehicles and tractors. But the Easterday family has other assets: A million-dollar house in Phoenix and a private plane and hangar. Since December, Easterday Ranches has been embroiled in an alleged scandalous cattle rustling scheme. The charge: Easterday invented 200,000 head of cattle on paper. Major client Tyson Fresh ...
Tyson Supplier Paid for Undelivered Cattle Thursday Jan 14th, 2021 Tyson Foods has announced that an internal audit discovered one of their cattle suppliers made misrepresentations about the number of cattle purchased on behalf of the company. Tyson paid the supplier for cattle that they believed had been purchased; however, they never received those cattle. Investigations performed with the help of outside advisers revealed that the misappropriation of company funds caused Tyson to overstate their live cattle inventory by an estimated $285 million as of their 2020 fiscal year ende...
On December 21, 2020, Tyson Foods announced that an internal audit discovered one of their cattle suppliers made misrepresentations about the number of cattle purchased on behalf of the company. Tyson paid the supplier for...