US Trustee Wants Ch. 11 Examiner Appointed In AgFeed Case

Law360, Wilmington (September 16, 2013, 7:53 PM EDT) -- The U.S. Trustee's Office urged a Delaware bankruptcy judge Friday to appoint an examiner for hog producer AgFeed Industries Inc., citing the need to learn more about the state of its Chinese operations and the $70 million those units received.

AgFeed lost millions of dollars in China between 2008 and 2011 due to allegedly fraudulent conduct of its Chinese management, but the extent of the loss and the value of the company's overseas assets are unknown because reliable financial information has never been released, according to...
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