Peregrine Trustee Gets OK For GC Salary Boost

Law360, Chicago (September 5, 2012, 5:19 PM EDT) -- An Illinois bankruptcy judge on Wednesday gave Peregrine Financial Inc.'s trustee approval to boost the company general counsel's pay by about $20,000 from last year, rejecting an objection by creditors who said the in-house attorney could still leave the collapsed brokerage firm at any time.

Robert Fishman of Shaw Gussis Fishman Glantz Wolfson & Towbin LLC, an attorney for Chapter 7 trustee Ira Bodenstein, told U.S. Bankruptcy Judge Carol A. Doyle that it was the trustee's "business judgment" that he needed to retain Peregrine general counsel...
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