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The state of Missouri dismissed criminal charges filed against Vincent Paletta Sr., the president of American Beef Co. LLC.
Paletta was charged with multiple counts of criminal fraud related to a cattle plant he started operating in Butler, Mo., in 2010, but had to close less than a year later.
Paletta argued that the plant's previous owner defrauded him on the conditions at the plant and its status with the U.S. Department of Agriculture. Paletta also argued that the prior owner misled state investigators,…