Mealey's Bankruptcy - Peregrine CEO's Former Wife To Pay $2.85M To Settle Fraudulent Transfer Lawsuit

CHICAGO - The Chapter 7 bankruptcy trustee in the bankruptcy of Peregrine Financial Group Inc. on March 17 moved in the U.S. Bankruptcy Court for the Northern District of Illinois for approval of a compromise under which the former wife of indicted Peregrine CEO Russell Wasendorf Sr. would pay the bankruptcy estate $2.85 million to settle all claims between herself and the estate (In Re: Peregrine Financial Group Inc., No. 12-17488, Chapter 7, N.D. Ill. Bkcy.).

Access this news story on lexis.com®