Bank seeks more than $105 million and foreclosure of multiple properties owned by John Vidovich
A bank is suing large San Joaquin Valley grower John Vidovich for more than $105 million in allegedly defaulted loans and is demanding the foreclosure and sale of large swaths of farmland, solar sites, a nut-hulling facility and the SunnyGem almond processing plant in Wasco. Affected lands could span Fresno, Kings, Tulare and Kern counties, according to three volumes of exhibits in the lawsuit, which was filed March 12 in Kern. … Vidovich has been a controversial figure in the valley since 2009 when he permanently sold State Water Project contract rights to 14,000 acre feet from the Dudley Ridge Water District in Kings County to a southern California district for $73 million.
Related article:
- The San Joaquin Valley Sun (Fresno, Calif.): U.S. Bank sues Valley water titan Vidovich over $105mil loan default
