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.
Goose Gap is Washington s 19th American Viticultural Area
globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Company linked to Mormon church high bidder for Easterday ranch
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.
Bill Gates company among bidders in auction of Easterday properties
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.
CATTLEGATE: 2 Land Titans Vie For Massive Swath Of Easterday Property In Southeast Washington
nwnewsnetwork.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwnewsnetwork.org Daily Mail and Mail on Sunday newspapers.