Jailed Peregrine CEO To Face Questions From Son, US Bank

Law360, New York (September 6, 2013, 5:31 PM EDT) -- 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, register now.