Krones Inflated $184M Le-Nature's Deal, Marshall Says

Law360, New York (October 31, 2012, 8:53 PM EDT) -- The Marshall Group Inc. on Wednesday hit Krones AG with a lawsuit over its 2005 sale of bottling equipment to the now-bankrupt Le-Nature’s Inc., saying Krones intentionally overpriced and lied about the $184 million transaction for the purpose of furthering Le-Nature’s fraud scheme.

Marshall served as the syndication agent for the deal, bringing in financial institutions to purchase participation interest in the synthetic lease financing of the fallen beverage company’s Phoenix plant. The company claims that because of Krones’ misrepresentations, it has been caught in a...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

The Marshall Group Inc et al v. Krones Inc et al


Case Number

2:12-cv-01109

Court

Wisconsin Eastern

Nature of Suit

Fraud or Truth-In-Lending

Judge

J P Stadtmueller

Date Filed

October 31, 2012

Law Firms

Companies

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.