Wells Fargo, BDO Seidman Settle Lawsuits for $130 Million

Wells Fargo & Co.’s Wachovia Capital Markets unit and BDO Seidman LLP settled lawsuits over their roles in the collapse of Le-Nature’s Inc., a defunct water bottler, for $130 million.

U.S. Bankruptcy Judge Thomas P. Agresti approved one piece of the settlement today at a hearing in Pittsburgh. Under that deal, Wells Fargo and BDO would pay $50 million to a trustee for creditors of Le-Nature’s, whose chief executive officer pleaded guilty to fraud in June.