Bankruptcy trustee going after funds diverted during insolvency

Bankruptcy trustee going after funds diverted during insolvency

Katie Micik

Tri State Livestock News

A former Eastern Livestock Company branch manager allegedly received and deposited $1.24 million of checks that customers made payable to the cattle broker in the days immediately following a bank’s hold on Eastern’s accounts, a lawsuit filed Tuesday, March 22, in federal bankruptcy court alleged.

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