DALLAS, Sep 02, 2011 (BUSINESS WIRE) -- Goldfarb Branham LLP is investigating whether the board of directors of AgFeed Industries /quotes/zigman/103949/quotes/nls/feed FEED -0.04% violated shareholder protection laws by issuing allegedly distorted statements and omitting relevant information to artificially inflate the company's worth. Concerned investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com about their rights and remedies.
"Following promising assurances by Chairman and CEO John Stadler, AgFeed issued a release on August 2, 2011 detailing a $17 million loss which has caused shares to fall nearly 40%," securities lawyer Hamilton Lindley said. "Our proposed shareholder lawsuit will ensure that the company place proper internal controls to police deceptive behavior and to reinforce the company's profitability for shareholders."
Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. AgFeed investors -- or anyone with knowledge about this situation -- should contact lawyer Hamilton Lindley at hlindley@goldfarbbranham.com or 877-583-2855.
SOURCE: Goldfarb Branham LLP
Source:marketwatch