Judge Refuses To Toss Le-Nature's Trustee Suit

Law360, New York (October 27, 2009, 3:09 PM EDT) -- A federal judge has refused to reconsider her dismissal of Wachovia Corp.'s previous bid to toss out a racketeering suit brought by the liquidation trustee for bankrupt beverage company Le-Nature’s Inc.

On Friday, U.S. District Judge Donetta Ambrose denied the motion for reconsideration brought by Wachovia, upholding her September order rejecting the company's motion to dismiss.

“The only way reconsideration could be granted in this case would be if it were necessary to correct a clear error of law or prevent manifest injustice,” Judge Ambrose said,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.