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...
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.