AgFeed Industries Inc. (fka FEEDQ)

[noahsplay]

News for 'FEED' - (Robbins Umeda LLP Announces an Investigation of AgFeed Industries, Inc.)


SAN DIEGO, Aug 31, 2011 (BUSINESS WIRE) -- Robbins Umeda LLP, a shareholder
rights litigation firm, has commenced an investigation into possible breaches of
fiduciary duty and other violations of the law! by certain officers and directors
at AgFeed Industries, Inc. (NASDAQ: FEED). AgFeed, through its subsidiaries, is
an international agribusiness that engages in animal nutrition and commercial
hog producing for use in pork production and commercial hog breeding markets.
The company was founded in 1995, and is headquartered in Grand Junction,
Colorado.

Robbins Umeda LLP is investigating whether officers and directors of AgFeed
issued materially false and misleading statements to investors that were
designed to deceive the market and artificially inflate the company's value. In
particular, the firm is examining allegations that Chairman and Chief Executive
Officer John Stadler, along with other officials at the company, misled
investors about the condition and future business prospects of AgFeed. On August
2, 2011, AgFeed announced disappointing financial results for the second quarter
of fiscal year 2011 that showed the company was ! performing well below
expectations. According to the company's pres s release, AgFeed incurred a $17
million net loss for the quarter related to huge accounts receivable expenses in
China and other bad debt expenses. Additionally, AgFeed revealed that due to
"operating pressures" and "concerns regarding credit quality," officials at the
company would be aggressively establishing reserves at AgFeed.

Since this news has emerged, shares of AgFeed have lost over 40% of their value.
On August 29, 2011, after trading as high as $2.05 on August 2, 2011, shares of
the company's stock closed at just $1.05 per share.

One option available to investors is filing a class action lawsuit on behalf of
AgFeed investors to recover damages incurred as a result of the wrongdoing. If
you purchased stock in AgFeed and would like more information about your
shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003
or via the shareholder information form on our website.

Robbins Umeda LLP repr! esents individual and institutional shareholders in
derivative, direct, and class action lawsuits. The law firm's skilled litigation
teams include former federal prosecutors, former defense counsel from top
multinational corporate law firms, and career shareholder rights attorneys. For
more information, please go to http://www.robbinsumeda.com

Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/agfeed-industries-inc/

Attorney Advertising.

SOURCE: Robbins Umeda LLP



CONTACT:
Robbins Umeda LLP
Gregory E. Del Gaizo
800-350-6003




Copyright Business Wire 2011

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KEYWORD: United States

North America

&! nbsp; ; California

INDUSTRY KEYWORD: Professional Services

Legal

SUBJECT CODE: Lawsuit