ShalomNewYork.com

A lender seeking control of Agriprocessors Inc. says the meatpacker’s finances are so dire that “millions of chicks and chickens (are) in danger of starving to death.”Chief U.S. District Judge Linda Reade, after a telephone hearing Friday, gave Atec Liquidations of St. Louis limited powers to oversee Agriprocessors in Postville and a sister plant in Gordon, Neb., to make sure that assets are not diminished before an action filed Thursday in Cedar Rapids can be settled.First Bank Business Capital of St. Louis sued Agriprocessors, Local Pride LLC and two members of the family that owns them — Abraham Rubashkin and his son and former CEO Sholom Rubashkin — saying the bank should be allowed to sell its collateral because Agriprocessors had defaulted on a $35 million loan by the bank’s branch in Decorah, Decorah Bank & Trust Co. more@GazetteOnline.com