Investors who were burned by the alleged violations of securities laws at AgFeed Industries have the chance to sign on to a proposed $7 million settlement. The animal nutrition products maker was based in Hendersonville until moving its home office to Colorado and later filing for bankruptcy protection. District Judge Todd Campbell will hold a hearing Dec. 8 to talk about the settlement plan.
A number of AgFeed officials also still face Securities and Exchange Commission charges.
Nashville-based trucking company Quickway Transportation has been sued by a Texas college student who was injured late last month when a Quickway tractor-trailer crashed into a softball team van, killing four women. The complaint accuses Quickway of negligence and seeks to have the company keep all records and disclose evidence related to the crash.
U.S. District Court Judge Kevin Sharp has ruled that investors suing HCA Holdings over disclosures (or the lack thereof) in the runup to the company's 2011 initial public offering can be treated as a single class. The lead plaintiff in the case is a Massachusetts pension fund. HCA executives are still deliberating about whether to appeal the certification ruling.
"Given defendants' alleged violation of the federal securities law and its impact on a large number of geographically dispersed investor(s), a class action is the superior vehicle for adjudication of the claims," Sharp wrote. "The alternative would be to have (potentially) thousands of individual actions, which is likely impractical for most investors, and which would risk burdening the judicial system."
POSTDATA: WARRANTY DEEDS