AgFeed Creditors Wary Of Latham Hire In Ch. 11 Case

Law360, Wilmington (September 12, 2013, 4:08 PM ET) -- Both the creditors and equity committees in the AgFeed Industries Inc. bankruptcy case took issue Thursday with the debtor’s retention of Latham & Watkins LLP as special counsel, wary that legal costs in the case will spiral out of control.

The committees are concerned that the scope of Latham & Watkins' retention is too broad since the firm has represented the hog grower, along with several directors and officers, in two ongoing federal shareholder lawsuits in Tennessee, as well as an open formal investigation of the...
To view the full article, register now.