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Krones pays for role in Le-Nature's fraud

By: Michael Lauzon

FRANKLIN, WIS. (Nov. 9, 2 p.m. ET) — German blow molding and bottling equipment supplier Krones AG and its U.S. subsidiary Krones Inc. will take a pretax hit of about $100 million to settle legal actions stemming from a fraudulent scheme run by former customer Le-Nature’s Inc., a Latrobe, Pa.-based bottler of flavored water, juices and teas that went bankrupt in 2006.

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