One of the biggest farming and ranching families in Washington filed for Chapter 11 bankruptcy protection Monday, after Tyson Foods Inc. previously alleged in court records the family defrauded it of more than $225 million related to 200,000 cattle that never existed.
The modern-day cattle rustling case is alleged in a civil suit in state court filed last month by Tyson Foods against Easterday Ranches Inc. The lawsuit was joined Monday by Spokane-based Washington Trust Bank.
An attorney for the bank told a judge Monday the Easterday family has been transferring assets and selling collateral in violation of its loan agreement.
At the hearing Monday in Pasco, Franklin County
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