Judge Still Won't Kill $500M Le-Nature's Clawback Suit

Law360, New York (February 2, 2012, 6:08 PM EST) -- A federal judge on Thursday rejected CIT Group/Equipment Financing Inc.'s and Krones Inc.'s bids to toss a $500 million clawback suit, upholding her previous refusal to dismiss the case in multidistrict litigation over Le-Nature's Inc.'s $668 million accounting fraud that sent the bottling company into bankruptcy.

U.S. District Judge Donetta W. Ambrose denied the arguments of CIT Group and Krones, along with Marshall Financial Inc. — all sued by the bankruptcy trustee of bottling company Le-Nature's over their part in the fraud that brought the company...
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