A bankruptcy judge on Wednesday issued an emergency order directing banks and others to make funds available to allow Easterday Ranches Inc. to continue to feed 54,000 cattle in a feedlot near Wallula, Washington.
The judge ruled in favor of a request by Easterday Ranches after it filed for bankruptcy this week, claiming it owes more than $236 million to its top 20 creditors.
That bankruptcy filing followed a lawsuit filed in state court by Tyson Foods Inc., in which the company alleges Easterday Ranches defrauded it out of more than $225 million related to Easterday’s purchase and feed bills for 200,000 cattle that never existed.
The case of
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