AgFeed Blasts Trustee's Objection To Exec Bonus Plan

Law360, Wilmington (November 15, 2013, 8:40 PM ET) -- Hog grower AgFeed Industries Inc. balked Friday at a request from the U.S. trustee's office for the court to reconsider its executive bonus plan, arguing that a Wells notice issued by the U.S. Securities and Exchange Commission in September is not new evidence, as the bankruptcy watchdog contends.

AgFeed asserts that the SEC notice — a preliminary recommendation to bring enforcement actions for alleged violations of securities laws — is simply the next step in an ongoing regulatory investigation into suspected fraud by the company's Chinese...
To view the full article, register now.