AgFeed Judge Nixes Bid For Ch. 11 Examiner To Probe Fraud

Law360, Wilmington (October 01, 2013, 8:28 PM ET) -- A Delaware bankruptcy judge rejected on Tuesday the U.S. Trustee's bid for a Chapter 11 examiner to probe AgFeed Industries Inc.'s finances, saying a fraud investigation of the company's Chinese units should occur, but at present could foil an asset sale.

The Tennessee-based hog farmer lost millions of dollars in China between 2008 and 2011 due to the allegedly fraudulent conduct of its Chinese management. The U.S. Trustee's office urged the court to appoint an examiner to investigate the company's foreign finances, a move that AgFeed...
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

Required