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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
