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Legendary Pasco Ranchers File Chapter 11 After Fraud Suit Filed
The issue began over a week ago, when Tyson Foods Inc. sued the Easterday Ranches operation, claiming they were defrauded over $225 million. The suit claimed Easterday Ranches, based out of Pasco, had bought, fed and cared for and provided over 200,000 head of cattle that never existed.
Easterday has been a Mid-Columbia farming-ranching institution for decades.
Now this week, on Monday, Easterday has filed for Chapter 11 bankruptcy protection.
For a number of years, Tyson reimbursed Easterday Ranches for the purchase and feeding of cattle at the Easterday lots; later the cows would be sent to the Tyson plant in Wallula. However, Tyson officials began to notice what court documents said were discrepancies. ....

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