K&L Gates is fighting back against attempts by the trustee of bankrupt beverage maker Le-Nature's Inc. to bring the firm and one of its corporate partners into the legal fray over alleged fraud by the company's executives. The trustee alleged the defendants' "stunning failure" to detect fraud in the company during an internal investigation resulted in $500 million in additional damages. The firm said it is just one more defendant the trustee is looking to add in hopes of collecting damages.
December 17, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
K&L Gates is fighting back against attempts by the trustee of bankrupt beverage maker Le-Nature’s Inc. to bring the firm and one of its corporate partners into the legal fray over alleged fraud by the company’s executives.
The firm and partner Sanford Ferguson filed preliminary objections earlier this month to the suit filed in Allegheny County in September 2009 against them, accounting firm Pascarella & Wiker and its principal, Carl Wiker.
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