Peregrine Financial Group has filed for liquidation in a US bankruptcy court in Chicago, just one day after the chief executive of the futures trading house apparently attempted suicide.
The bankruptcy petition was signed by Russell Wasendorf Jr, chief operating officer and the son of Peregrine’s chief executive and founder. An accompanying statement said that Russell Wasendorf Sr gave his son power of attorney to act for him and on his behalf in the event of his incapacitation on July 3, just six days before police reported that he tried to take his own life.
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