Huron Contractor Seeks $2.1M from Failed Beef Packing Plant

Thu, 05/29/2014 - 1:32pm

PIERRE, S.D. (AP) — A $2.1 million bankruptcy trial against a failed beef packing plant in South Dakota is expected to last through the rest of week.

The plaintiff is a Huron contractor that did dirt work for Northern Beef Packers seven years ago.

Court documents show Scott Olson Digging Inc. submitted invoices for more than $5 million. The beef plant argues the amount is too high.

Northern Beef Packers filed for bankruptcy last summer because it lacked money to buy cattle for slaughter. The company declared $138.8 million in liabilities and $79.3 million in assets.

A San Francisco-based investment banking firm earlier this year bought the plant after holding the top bid in a sale. The firm submitted a $44.35 million bid in December, but it wouldn't disclose the final cost of the purchase.


Share This Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.