US Trustee Rips AgFeed's Bid To Retain Foley & Lardner

Law360, Los Angeles (August 16, 2013, 5:50 PM ET) -- The U.S. trustee overseeing AgFeed Industries Inc.'s Chapter 11 proceedings opposed the appointment of Foley & Lardner LLP as AgFeed's special counsel on Friday, saying a conflict of interest exists because the law firm has a $1.28 million claim against the company.

In a brief filed Friday in Delaware bankruptcy court, U.S. Trustee Roberta A. DeAngelis asked U.S. Bankruptcy Judge Brendan Shannon to deny AgFeed's application to retain Foley as special counsel to handle corporate matters, litigation and the proposed sale of its assets.

Foley has...
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