Most claims against Gallatin Livestock Auction were recently denied. Claims against the failed business totaled over $400,000. Only two of 16 claims were approved for payment following legal and agency proceedings. These two claims totaled $82,952.56. The amount of Class I bond funds available to cover claims was $129,719.43 ($125,000 bond plus interest). There is also $10,000 posted as a Class II bond.
Questions persist about the demise of Gallatin