Try our Advanced Search for more refined results

AgFeed USA, LLC

  1. September 13, 2016

    AgFeed Judge Again Throws Out Claims Against Ex-CEO

    A Delaware bankruptcy judge on Tuesday again tossed most of the claims against AgFeed Industries Inc.'s former CEO K. Ivan F. Gothner by the estate's liquidating trustee for breaches of fiduciary duty connected to an alleged $240 million accounting scandal, ruling that even revised claims don't sufficiently allege wrongdoing.

  2. March 30, 2016

    AgFeed Judge Says CEO's Pay Bid Hinges On Breach Claims

    The Delaware bankruptcy judge presiding over AgFeed's Chapter 11 said Wednesday he wanted to see fiduciary breach accusations connected to an alleged $240 million accounting fraud scandal revived before ruling on the ex-CEO's compensation claim, and rejected arguments the estate's liquidating trustee ran out of time to press them.

  3. March 28, 2016

    Former CEO Says Bankrupt AgFeed Holding Back His Pay

    AgFeed Industries Inc.'s former CEO pushed the Delaware bankruptcy court Monday to allow him to collect compensation he says he's owed, contending the liquidating trustee's argument for holding back due to its adversary action over a $240 million accounting fraud scandal is a "smokescreen" to avoid paying him.

  4. August 18, 2015

    Hormel Pushes To Have Claims Over AgFeed's Ch. 11 Axed

    Hormel Foods Corp. urged a Delaware bankruptcy judge Tuesday to toss claims it made misrepresentations to AgFeed Industries Inc. that triggered disputes, which ultimately played a large role in sparking the hog grower's Chapter 11, contending many of the same arguments were made and rejected in an earlier arbitration.

  5. July 16, 2015

    AgFeed Trustee Claims Outside Counsel Gave Bad Advice

    The trustee for bankrupt AgFeed Industries Inc. launched an adversary suit Wednesday claiming that law firms Buchanan Ingersoll & Rooney PC and Stevens & Lee PC failed to provide advice that should have tipped the agricultural supplier to a $239 million accounting scheme perpetrated by its Chinese units.

  6. March 11, 2015

    AgFeed Trustee Must Pay $2.8M Claim Despite Hormel Suit

    A Delaware bankruptcy judge allowed an AgFeed Industries Inc. creditor to collect on a $2.8 million claim against the hog producer, saying Wednesday that AgFeed's bankruptcy trustee cannot delay payment based on the claim's potential reduction in a related lawsuit against Hormel Foods Corp.

  7. January 29, 2015

    AgFeed Creditor Says $2.8M Claim Must Be Paid Now

    An AgFeed Industries Inc. creditor told a Delaware bankruptcy judge Wednesday that its $2.8 million claim against the hog producer's estate must be paid immediately, saying it shouldn't have to wait while the liquidating trustee pursues an adversary complaint against Hormel Food Corp.

  8. November 04, 2014

    AgFeed Resolves Objections To Win Ch. 11 Plan Confirmation

    A Delaware bankruptcy judge confirmed AgFeed Industries Inc.'s heavily negotiated Chapter 11 liquidation plan Tuesday, 16 months after the company initially sought court protection, after the hog producer's estate settled nearly all of the objections to its strategy.

  9. October 30, 2014

    AgFeed Shareholders Blame Hormel For Ch. 11

    The equity committee for bankrupt AgFeed Industries Inc. launched an adversary action Wednesday alleging ex-business partner Hormel Foods Corp. made "false representations" and knew about claims it had asserted against the hog production company that led to an arbitration award that the debtor says ultimately pushed it into Chapter 11.

  10. October 21, 2014

    Ex-AgFeed Execs Say Ch. 11 Plan Shorts Them On Legal Costs

    Former top executives of AgFeed Industries Inc. on Monday objected to its proposed Chapter 11 liquidation plan, saying it doesn't provide enough funds for anticipated litigation costs in the wake of an $18 million U.S. Securities and Exchange Commission settlement over alleged accounting fraud at the industrial hog farmer.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!