Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether AgFeed Industries, Inc. (“AgFeed” or the “Company”) and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Class action lawsuits have been filed in the U.S. District Courts for the Middle District of Tennessee and the District of Colorado by other law firms on behalf of purchasers of the common stock of AgFeed Industries, Inc. (NASDAQ: FEED) between March 12, 2008 and September 29, 2011, inclusive (the “Class Period”).

AgFeed Industries is an international agribusiness with operations in the U.S. and China. The Company has two business lines: (1) animal nutrition; and (2) hog breeding and production.

The complaints allege that AgFeed and certain of its officers and/or directors (“Defendants”) misrepresented and/or failed to disclose that: (1) AgFeed relied on a flawed analysis to account for its debt levels; (2) AgFeed’s allowances for doubtful accounts were highly undervalued; (3) AgFeed's accounts receivable were overvalued and its bad debts were undervalued, causing reported asset values to be overstated and expenses to be understated; and (4) AgFeed failed to properly account for its acquisition of Chinese farm assets for its hog production business in 2007 and 2008.

After the market close on September 29, 2011, AgFeed announced that it had established a special committee “ to investigate the accounting relating to certain of the Company’s Chinese farm assets (acquired during 2007 and 2008) used in its hog production business, as well as the validity and collectability of certain of the Company’s accounts receivables relating to its animal nutrition business in China and any other issues that may arise during the course of the investigation.” According to the complaints, the special committee engaged Latham & Watkins LLP to serve as its independent counsel. The Company further stated that it does not intend to provide further comment until after the special committee concludes its investigation. The price of AgFeed shares fell from $0.65 to $0.52 on September 30 and to $0.40 the next trading day, October 3.

Cohen Milstein encourages all investors who purchased AgFeed common stock between March 12, 2008 and September 29, 2011 or former employees with information concerning this matter to contact the firm.

If you are an AgFeed shareholder and would like to discuss your right to recover for your economic loss, you may, without any cost or obligation, call Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202) 408-4600, or email him at stoll@cohenmilstein.com. If you purchased the common stock of AgFeed and wish to serve as lead plaintiff, you must move the Court no later than December 19, 2011 to request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers & Toll PLLC or other attorneys to serve as your counsel in this action, or you may do nothing and remain an absent class member.

Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Philadelphia, Chicago, and West Palm Beach, and is active in major litigation pending in federal and state courts throughout the nation.

The firm’s reputation for excellence has repeatedly been recognized by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars. Prior results do not guarantee a similar outcome. For more information visit www.cohenmilstein.com.

If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:

Steven J. Toll, Esq.Tyler GaffneyCohen Milstein Sellers & Toll PLLC1100 New York Avenue, N.W.West Tower, Suite 500Washington, D.C. 20005Telephone: (888) 240-0775 or (202) 408-4600Email: stoll@cohenmilstein.com; tgaffney@cohenmilstein.com

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