Wachovia, BDO Seidman Settle Le-Nature's Suits For $50M

Law360, New York (September 30, 2011, 8:06 PM EDT) -- A Pennsylvania bankruptcy judge said Friday that he was likely to approve a $50 million settlement between the liquidation trustee for Le-Nature's Inc. and the company's former banker and auditor, Wachovia Capital Markets LLC and BDO Seidman LLP, respectively.

U.S. Bankruptcy Judge Thomas P. Agresti indicated at a hearing that he intends to sign off on the settlements — which had faced some objections — calling for trustee Marc S. Kirschner to receive $38 million from Wachovia, now part of Wells Fargo Bank NA, and $12...
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