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 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 requested by attorneys who are tasked with making sure the unsecured creditors for both companies are represented.
Feds protest law firm's $3.8 million bill in Easterday bankruptcy eastoregonian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastoregonian.com Daily Mail and Mail on Sunday newspapers.
YAKIMA, Washington â 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, outlined the agreement to Judge Whitman Holt, settling a dispute that had threatened to block the $209 million acquisition by Farmland Reserve Inc., affiliated with the Church of Jesus Christ of Latter-day Saints.
Easterday sentencing pushed to October hermistonherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hermistonherald.com Daily Mail and Mail on Sunday newspapers.