BREAKING: In my on-going coverage of a story I've dubbed #cattlegate ... today, Easterday Farms filed bankruptcy in federal court. Easterday Farms is the sister company of Easterday Ranches -- both in southeastern Washington.
[This is a thread, and more on your pub radio soon.]
This is all happening because #Tyson Fresh Meats filed suit against the farm’s sister company, Easterday Ranches, for allegedly inventing 200,000 head of cattle on paper, then billing Tyson for feeding them for years. Easterday Ranches filed for bankruptcy last week.
Easterday Farms is a huge farming operation in the Columbia Basin boasting over 18,000 acres of largely irrigated land and many other assets.
In court documents, the Easterdays are requesting that the court administer the two bankruptcies together.
In a new twist on the modern day southeast Washington cattle rustling tale, Tyson Fresh Meats has asked a federal court to appoint a third party to run Easterday Ranches.
(Fresh thread)
CONTEXT: Tyson sued Easterday last month, alleging it had scammed Tyson by inventing 200,000 fictitious cattle. Then last week Easterday declared bankruptcy.
In its new court motion, #Tyson detailed how Easterday sold one of its major assets -- a feedlot -- then immediately doled out to family and company insiders about $13 million of the $16 million dollar sale.