Bankrupt Peregrine Faces WARN Suit

Law360, New York (July 11, 2012, 6:34 PM EDT) -- Peregrine Financial Group Inc. was hit Tuesday with a class action in Illinois federal court alleging the bankrupt brokerage failed to provide sufficient notification before initiating mass layoffs, as questions mount over the unexplained disappearance of $200 million in client funds.

Ronald Kotulak alleges he was among several workers who lost their jobs as Peregrine — which does business as PFGBest — faces suspicions of widespread fraud. His proposed class action against the embattled firm claims his former employer violated the Worker Adjustment and Retraining Notification...
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Case Information

Case Title

Kotulak v. Peregrine Financial Group, Inc.


Case Number

1:12-cv-05447

Court

Illinois Northern

Nature of Suit

790(Labor: Other)

Judge

Honorable John Z. Lee

Date Filed

July 10, 2012

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