The timing is questionable to say the least.
The Bakersfield Californian is reporting that Rep. David Valadao, R-Hanford, is named in two lawsuits against his family’s Triple V Dairy business for defaulting on nearly $9 million in agriculture loans and failing to pay an animal nutrition company for its goods.
It’s an election year and fantasies about taking over Congress are dancing in the heads of Democrats. Suddenly this lawsuit appears.
Valadao is named as a general partner for Triple V Dairy, in which he has a $1 million to $5 million stake, according to his 2016 disclosure report, the most recent disclosure available.
Rabobank in November filed a civil suit against Triple V Dairy in Tulare, including several family partners, for defaulting on a heifer loan and a herd/feed loan. The lawsuit also names other family members, including Valadao’s brother, for defaulting on additional loans.
Naturally, Rabobank’s attorneys did not respond to a request for comment.