AgFeed Industries Inc. received a bankruptcy judge's approval on its plan to dole out the more than $130 million it raised through the sale of its hog-raising operations, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Brendan Linehan Shannon approved the plan on Tuesday, finding that it was solicited and negotiated in good faith and is in the best interest of creditors. The plan pays secured and unsecured creditors and pays out two negotiated settlements with shareholders and a government regulator.
