K&L Gates Appeals Revival of Le-Nature’s Malpractice Suit
An article published on Law360.com reported that K&L Gates asked the Pennsylvania Supreme Court last week to review a lower court’s decision reviving a $500 million malpractice case by the liquidating trustee of Le-Nature’s accusing the firm of failing to uncover massive fraud at the now-defunct company.
K&L Gates and accounting firm Pascarella & Wiker are accused of giving Le-Nature’s a clean bill of financial health despite numerous red flags in a 2003 investigation ordered by a special committee of independent directors appointed after several senior financial managers resigned citing suspicions of fraud, the article noted.
To read the full Law360 article click here.
Previously on monitordaily: Law Firm Must Face Lawsuit Over Le-Nature’s Demise, Published May 17, 2012