Putative Class Sues Bankrupt Peregrine For Allegedly Commingling Funds

Putative Class Sues Bankrupt Peregrine For Allegedly Commingling Funds

CHICAGO - A putative class of customers who invested money with bankrupt Peregrine Financial Group Inc. sued CEO Russell R. Wasendorf Sr. and other principals on July 13 in the U.S. District Court for the Northern District of Illinois, alleging that they violated federal law and commingled customer funds with the firm's own money (Michael Lasalvia v. Russell Wasendorf Sr., et al., No. N/A, N.D. Ill.).  Subscribers may view the complaint available within the full article.

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