Logan v. Tiegs

MEMORANDUM *

Plaintiff Dennis Logan and Defendant Frank Tiegs are potato farmers, each of whom owned potato-farming businesses, potato-processing plants, and other entities. Logan’s businesses—Logan Farms II, LLC; Logan International II, LLC (“LIL”); and Western Empires Corporation—were productive but cash poor, while Tiegs’ businesses—Pasco Farming, Inc.; Oregon Potato Company (“Oregon Potato”); and Western Mortgage & Realty Company (‘Western Mortgage”)—had cash and were looking to expand.1 Beginning in 1998, the parties were involved in a number of business transactions, including potato…