BDO Seidman Settles Investor Suit Over Le-Nature's Loan

Law360, New York (April 5, 2012, 8:31 PM EDT) -- BDO Seidman LLP has settled an investor lawsuit claiming its audits didn't reveal a $668 million accounting fraud at bankrupt beverage maker Le-Nature's Inc. that sent multiple executives to prison, according to filings in New York state court Monday.

Wachovia Capital Markets LLC separately paid an undisclosed sum to Normandy Hill Master Fund LP in January to settle its role in the suit, according to court documents. Normandy Hill bought part of a $285 million loan to Le-Nature's syndicated by Wachovia, and the fund alleged in...
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