After the Supreme Court denied K&L Gates' appeal of the reinstatement of a $500 million suit against it by the trustee of bankrupt Le-Nature's, the firm has gotten its chance to respond to the allegations.
In a 298-page answer to allegations the firm failed to detect fraud in the beverage company when hired in 2003 to conduct an internal investigation of whether certain executives were mismanaging finances, K&L Gates outlined several defenses and looked for credit toward any damages that might be levied against it given other entities have settled with the trustee on similar claims.
