AgFeed Judge Must Appoint Ch. 11 Examiner, Trustee Argues
By Jamie Santo
Law360, Wilmington (September 30, 2013, 9:49 PM EDT) -- The U.S. Trustee's Office urged a Delaware bankruptcy judge Monday to appoint an examiner to probe the finances of AgFeed Industries Inc. China-based operations, while the bankrupt hog farmer and its stakeholders countered that doing so would threaten a planned $50 million sale of its Chinese assets.
The Tennessee-based hog farmer lost millions of dollars in China between 2008 and 2011 because of allegedly fraudulent conduct of its Chinese management and an examiner is needed to investigate AgFeed's foreign finances and report the findings to the...