Jailed Peregrine CEO To Face Questions From Son, US Bank

Law360, New York (September 06, 2013, 5:31 PM ET) -- A Chicago federal judge on Friday ruled that Peregrine Financial Group Inc. CEO Russell Wasendorf can be questioned by both his son and by U.S. Bank NA, as both try to prove they had nothing to do with the massive fraud Wasendorf has admitted to running.

Nick Iavarone, a lawyer for Wasendorf's son, Russell Wasendorf Jr., said he wanted to question the jailed executive, who is serving a 50-year sentence for bilking investors in his fund out of $100 million. The younger Wasendorf, who was president...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required

Case Information

Case Title

Peregrine Financial Group, Inc.

Case Number

1:12-bk-27488

Court

Illinois Northern

Nature of Suit

Law360 Coverage

Date Filed

July 10, 2012


Case Title

LaSalvia v. Wasendorf Sr. et al

Case Number

1:12-cv-05546

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Judge

Honorable Sara L. Ellis

Law360 Coverage

Date Filed

July 13, 2012

Sections

Law Firms Mentioned

Companies Mentioned

Related Articles