More On

Court reinstates $500 million lawsuit against K&L Gates

The suit accuses the firm of mishandling an internal investigation into Le-Nature Inc.

A Pennsylvania appeals court reinstated a $500 million lawsuit that charges law firm K&L Gates with mishandling an internal investigation into now-bankrupt drink maker Le-Nature Inc. Bankruptcy trustee Marc Kirschner filed the suit in September 2009, alleging that the firm’s failure to uncover fraud at the company contributed to hefty financial losses.

Le-Nature’s board of directors enlisted K&L Gates to lead an internal investigation into the company following the 2003 resignation of several executives, who cited concerns about co-founder Greg Podlucky in their resignation letters.

Alanna Byrne

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.