Easterday negotiates settlements to reduce claims by $2.38 million

By Sarah Lizee

Olympia, Wash., July 12 – Easterday Ranches, Inc. and Easterday Farms have negotiated eight stipulations and settlements that could lower the face value of claims asserted against the debtors’ estates by about $2.38 million, according to court documents filed Monday with the U.S. Bankruptcy Court for the Eastern District of Washington.

Easterday said the settlements would remove the need for costly and time-consuming litigation.

The settlements will also provide releases from multiple required parties under the debtors’ Chapter 11 plan.

Easterday Ranches is a Pasco, Wash.-based cattle operator. The company filed bankruptcy on Feb. 1, 2021 under Chapter 11 case number 21-00141.

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