Bankrupt AgFeed Discloses SEC Tentative Action Notice

Law360, Los Angeles (September 6, 2013, 9:31 PM EDT) -- 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...
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