Compass Ends $14M Le-Nature's Suit Against CIT, Krones

Law360, New York (November 28, 2012, 3:22 PM EST) -- Compass Financial Corp. settled a $14 million financing fraud and breach of contract suit Tuesday against The CIT Group/Equipment Financing Inc. and Krones AG, part of multidistrict litigation over the $668 million accounting scam that pushed bottling company Le-Nature's Inc. into bankruptcy.

The details of the settlements weren't disclosed, and attorneys involved in the case didn't immediately respond to requests for comment Wednesday. Compass' latest complaint, filed in 2009, says it was duped into a complex equipment financing scheme that unraveled after Le-Nature's collapsed under its...
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