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BOULDER, Colo.--([ BUSINESS WIRE ])--[ 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).

"certain of the Companyas Chinese farm assets . . . , as well as the validity and collectability of certain of the Companyas accounts receivables relating to its animal nutrition business in China."

The Firmas investigation focuses on AgFeedas 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 acertain of the Companyas Chinese farm assets . . . , as well as the validity and collectability of certain of the Companyas accounts receivables relating to its animal nutrition business in China.a Following this news, AgFeed stock fell to a close of $0.52 per share on September 30, 2011, a one-day decline of 20%. AgFeedas stock price has yet to recover and currently trades at approximately $0.53 per share.

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.