Ex-Peregrine CEO Sentenced To Prison

Law360, New York (December 12, 2008, 12:00 AM EST) -- A federal judge has sentenced the former chief executive of Peregrine Systems Inc. to eight years and a month behind bars for his alleged role in the accounting scandal that plunged the Silicon Valley software company into bankruptcy.

At a hearing Thursday, Judge Thomas J. Whelan of the U.S. District Court for the Southern District of California ordered Stephen P. Gardner to start serving his sentence on Feb. 20.

The judge set a status conference regarding restitution for Feb. 23. The sentencing motions filed by the...
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