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%. AgFeed's 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.

The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
kip@shumanlawfirm.com
or
Rusty E. Glenn, Esq., 866-974-8626
rusty@shumanlawfirm.com
Fax: 303-484-4886
www.shumanlawfirm.com