A south-central Idaho company has filed an appeal in U.S. District Court in Boise seeking to stay a bankruptcy court judge's ruling that the company owes nearly $1 million after breaching a contract.
The Idaho Statesman reports that Hanson-based Hollifield Ranches filed the appeal last week against the ruling ordering it to pay Tyson Fresh Meats.
Hollifield Ranches sought Chapter 11 protection in December 2010.
Tyson Fresh Meets filed its claim in March 2012, and Hollifield Ranches filed a counterclaim.
U.S. Bankruptcy Judge Jim Pappas in early November rejected the claim by Hollifield Ranches and ruled it broke the contract.
The contract required Hollifield Ranches starting in June 2010 to find cattle, fatten them up and ship them for slaughter.
But cattle prices fell and Hollifield Ranches lost money.