In a dispute over cattle contracts, a federal judge ruled that a pair of cattle sellers were defrauded by defendants who acted with an intermediary in what he described as a “cattle-shifting Ponzi scheme” and granted summary judgment on their behalf for money owed.

In Nicholas v. Snider, plaintiffs filed breach-of-contract and other equitable claims in August 2018 under the federal Packers and Stockyards Act that was enacted to ensure fairness in livestock marketing and trading.