Peregrine Trustee Pushed To Explain Bid For GC Raise

Law360, Chicago (August 30, 2012, 5:13 PM EDT) -- An Illinois bankruptcy judge refused to sign off on a $20,000 raise for Peregrine Financial Group Inc.'s general counsel on Thursday, telling the collapsed brokerage firm's liquidating trustee he needs to first explain why the pay boost, which raised the ire of commodity customers, is appropriate.

U.S. Bankruptcy Judge Carol A. Doyle slated a hearing on the salary increase issue for next week, but granted the rest of Chapter 7 trustee Ira Bodenstein's motion to continue running Peregrine's limited business operations, including accounting functions and human...
To view the full article, register now.



Case Information

Case Title

Peregrine Financial Group, Inc.

Case Number



Illinois Northern

Nature of Suit

Date Filed

July 10, 2012

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.