K&L Gates Co-Defendant Balks At $24M Malpractice Deal

Law360, New York (February 24, 2014, 8:17 PM EST) -- Pascarella & Wiker LLP on Thursday asked a Pennsylvania bankruptcy court to reject a liquidation trustee’s $23.75 million settlement proposal, saying it may assert a claim against K&L Gates LLP, its co-defendant in a suit alleging professional negligence caused drink maker Le-Nature’s Inc.'s bankruptcy. 

The Pittsburgh-based accounting firm filed an opposition to the $23.75 million settlement forged between K&L Gates and Marc S. Kirschner, the liquidation trustee for Le-Nature’s, which collapsed in 2006 due to fictitious bookkeeping and massive mismanagement by its former chief executive. Kirschner filed...
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