Suits Barred Against Peregrine’s Wasendorf, Receiver Says

Class-action lawsuits against Peregrine Financial Group Inc.’s Russell Wasendorf Sr. cannot proceed because they were stopped by a judge’s order appointing a receiver to assemble the assets of the brokerage’s founder, the receiver said in a federal court filing in Chicago. Three proposed class-action suits are seeking damages from Wasendorf and other Peregrine officers.

To contact the reporter on this story: Linda Sandler in New York at lsandler@bloomberg.net

To contact the editor responsible for this story: Charles Carter at ccarter12@bloomberg.net

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