Egg Kingpins Locked In Court Battles

Des Moines Register:

In one lawsuit, former Iowan Glessner alleges that the DeCoster family has mismanaged its Iowa egg production facilities and deprived Glessner of more than $40 million. Glessner claims that since the egg recalls, DeCoster’s companies have defaulted on bank loans, been “blackballed” by food vendors and been barred from bidding on contracts with major retailers.
At the same time, DeCoster’s Ohio Fresh Egg company is suing Glessner, accusing him of looting the company before he was fired this summer. According to Ohio Fresh Eggs, Glessner collected $900,000 in “consulting fees” from the company, billed it for a luxury apartment and $272,000 in personal expenses, and funneled half a million dollars into an Arizona pizzeria in which he has an interest.
The two are also fighting over control of a Hardin County egg production facility that Glessner once managed before turning it over to DeCoster in 1999.
In court papers, both Glessner and DeCoster deny any wrongdoing.

Ohio Fresh Eggs is the former Buckeye Egg Farm, which had tremendous battles with the state over pollution.  I think each of these guys is finding out he can't trust somebody similar to himself.