The Shuman Law Firm Investigates AgFeed Industries, Inc.

BOULDER, CO November 2, 2011 –The Shuman Law Firm today announced that it is investigating potential claims against certain officers and directors of AgFeed Industries, Inc. ("AgFeed" or the "Company") (NASDAQ:FEED).

The Firm’s investigation focuses on AgFeed’s August 2, 2011, press release which announced disappointing preliminary second quarter fiscal 2011 financial results, due in substantial part to its need to take a $9.2 million charge for the collection of outstanding receivables in its animal nutrition business and an additional $5 million to increase its allowance for bad debts from $1.9 million to $7 million. Thereafter, on September 29, 2011, AgFeed issued a press release announcing that its Board had established a special committee to conduct an investigation of “certain of the Company’s Chinese farm assets . . . , as well as the validity and collectability of certain of the Company’s accounts receivables relating to its animal nutrition business in China.” Following this news, AgFeed stock fell to a close of $0.52 per share on September 30, 2011, a one-day decline of 20%. 

If you currently own AgFeed common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or email Mr. Glenn at rusty@shumanlawfirm.com. 

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.