Easterday Ranches, Farms sued by Washington Trust Bank

This is the second lawsuit Easterday Ranches faces after Tyson Foods alleged the company of fraud

PASCO, Wash. – The Easterday family is facing another legal battle as Washington Trust Bank has filed a lawsuit against them.

According to documents obtained by KAPP KVEW, Easterday Ranches and Farms defaulted on a $45 million loan agreement.

The lawsuit demands the money from the company however, they just filed for Chapter 11 bankruptcy this week.

READ MORE: Easterday Ranches files for bankruptcy

They’re also facing a lawsuit from Tyson Foods, after the previous president allegedly defrauded them out of $225 million.

In the complaint, Washington Trust Bank said the company breached a contract and as a result, WTB demanded payment, possession of crops and collateral, and a private receiver be appointed to take control of collateral.

RELATED: Easterday Ranches sued by Tyson Foods for $225 million fraud

KAPP KVEW has reached out to the Easterday’s and their lawyer, who hasn’t been available for comment.