American AgCredit controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
American AgCredit sues Double J Lamb over unpaid loans
Lawsuit filed
American AgCredit filed a lawsuit on Aug. 3 in the U.S. District Court for the Northern District of Texas against Double J Lamb Inc., affiliated companies and members of the Hasbrouck family, alleging more than $7.5 million in unpaid loans tied to the San Angelo, TX, processing plant. The lender seeks at least $7.59 million in principal and accrued interest, foreclosure on collateral and appointment of a receiver.
Source excerpt
More than $7.5 million in unpaid loans tied to Double J Lamb Inc.’s San Angelo, TX, processing plant are at the center of a lawsuit filed by American AgCredit against the company and members of the Hasbrouck family.
The lawsuit, filed Aug. 3 in the U.S. District Court for the Northern District of Texas, San Angelo Division, names Double J Lamb along with affiliated companies and Jacob and Jo Ellen Hasbrouck, Jeffrey Hasbrouck and Kelli Crider.
The lender is seeking at least $7.59 million in principal and accrued interest, plus additional fees and expenses. It is also asking the court to permit foreclosure on collateral, appoint a receiver over the San Angelo property and enter a judgment against the defendants for any balance remaining after the collateral is sold.