Podlucky is accused of falsifying board minutes and defrauding a lender in a lawsuit filed against him by two private equity firms that are minority shareholders. Podlucky was being defended by Albert Manwaring of Pepper Hamilton's Wilmington, Delaware office, but he withdrew from the case on November 1.
$440,000 of the company's money was donated to the Missy's Place Foundation, named after Podlucky's deceased daughter Melissa, and that Foundation purchased land for Podlucky's proposed Grace Community Church of the Valley in Ligonier, Pennsylvania.
More details at the Wall Street Journal's Law Blog, Long or Short Capital, and at MIT student Jay Silver's website, who reviewed Le Nature's water only to be harassed by someone apparently associated with the company.
Le Nature's is closing its Phoenix plant and laying off 85 workers.