AgFeed Blasts Trustee's Objection To Exec Bonus Plan

Law360, Wilmington (November 15, 2013, 8:40 PM EST) -- 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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.