K&L Gates To Pay $23.8M To End Malpractice Suit

Law360, New York (January 27, 2014, 7:32 PM EST) -- K&L Gates LLP has agreed to pay $23.75 million to settle a malpractice suit accusing the firm of failing to uncover the criminal fraud that eventually brought down drink maker Le-Nature’s Inc., according to a Friday bankruptcy court filing.

The settlement amount represents a major discount for the firm compared to the $500 million sought by the liquidating trustee of Le-Nature’s, who contended that the lawyers working on a 2003 internal investigation of the beverage company were ill-equipped to handle the task and ignored evidence of...
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