Bankrupt AgFeed Discloses SEC Tentative Action Notice

Law360, Los Angeles (September 06, 2013, 9:31 PM ET) -- The staff of the U.S. Securities and Exchange Commission has preliminarily decided to recommend an enforcement action be brought against bankrupt hog production company AgFeed Industries Inc. for alleged violations of anti-fraud provisions of securities laws, according to an SEC notice filed Thursday.

The announcement of the preliminary determination, or Wells notice, comes just one week after AgFeed got the green light to sell its U.S. operations when a Delaware bankruptcy judge signed off on a multiparty deal valued at more than $79.2 million. The Wells...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers