Wis.-based Krones denies wrongdoing in Le-Nature’s

Published November 8, 2012 5:48pm ET



PITTSBURGH (AP) — A Wisconsin bottling equipment firm will pay a $15 million penalty to avoid criminal prosecution and has agreed to pay $110 million more to settle legal claims for its alleged role in a massive accounting fraud involving defunct western Pennsylvania soft-drink maker, Le-Nature’s.

Franklin, Wis.-based Krones Inc. issued a statement saying it cut the deal Thursday to avoid the “continued uncertainty and risk” involved in the legal proceedings, but denied any role in the fraud.

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