Judge Will Hear Ex-Le-Nature's CEO's Bid To Cut Damages

Law360, Wilmington (October 13, 2011, 4:42 PM EDT) -- A Pennsylvania federal judge on Wednesday said he would consider the former CEO of Le-Nature’s Inc.’s bid to slash the $668 million in damages owed for his role in an accounting scheme that bankrupted the bottling company ahead of a sentencing hearing.

Gregory Podlucky pled guilty in June to charges he orchestrated the massive fraud at Latrobe, Pa.-based Le-Nature's, falsifying the company’s financial records and bankrolling a lavish lifestyle. The alleged deception ended with the company's 2006 bankruptcy petition.

The former executive lobbied the court in...
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