K&L Gates Co-Defendant Balks At $24M Malpractice Deal

Law360, New York (February 24, 2014, 8:17 PM EST) -- Pascarella & Wiker LLP on Thursday asked a Pennsylvania bankruptcy court to reject a liquidation trustee’s $23.75 million settlement proposal, saying it may assert a claim against K&L Gates LLP, its co-defendant in a suit alleging professional negligence caused drink maker Le-Nature’s Inc.'s bankruptcy. 

The Pittsburgh-based accounting firm filed an opposition to the $23.75 million settlement forged between K&L Gates and Marc S. Kirschner, the liquidation trustee for Le-Nature’s, which collapsed in 2006 due to fictitious bookkeeping and massive mismanagement by its former chief executive. Kirschner filed...
To view the full article, register now.




Case Information

Case Title


Case Number



Pennsylvania Western

Nature of Suit

Date Filed

October 31, 2006

Law Firms

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.