The CEO of PFG stole more than $215 million from more than 13,000 victims and was sentenced to 50 years in federal prison. All related stories can be found here.More >> The CEO of PFG stole more than $215 million from more than 13,000 victims and was sentenced to 50 years in federal prison. All related stories can be found here.More >> Troubled Peregrine Financial Group has filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Chicago. A Federal lawsuit filed Tuesday alleges fraud on the part of Peregrine founder and owner, Russ Wasendorf, Sr.More >> Troubled Peregrine Financial Group has filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Chicago. A Federal lawsuit filed Tuesday alleges fraud on the part of Peregrine founder and owner, Russ Wasendorf, Sr.More >> Several weeks before Tuesday's bankruptcy filing, employees were asked to take a 10 percent pay cut in two installments, June and July.More >> Several weeks before Tuesday's bankruptcy filing, employees were asked to take a 10 percent pay cut in two installments, June and July.More >> Just three days before employees learned they were out of a job, Russ Wasendorf Junior sent an email to company employees saying PFG Best was on track for a more secure future.More >> Just three days before employees learned they were out of a job, Russ Wasendorf Junior sent an email to company employees saying PFG Best was on track for a more secure future.More >> The Greater Cedar Valley Alliance and Chamber is working to prevent hundreds of millions of dollars in revenue -- and PFG's employees -- from leaving town.More >> The Greater Cedar Valley Alliance and Chamber is working to prevent hundreds of millions of dollars in revenue -- and PFG's employees -- from leaving town.More >> Peregrine Financial Group has filed for Chapter 7 bankruptcy protection.More >> Peregrine Financial Group has filed for Chapter 7 bankruptcy protection.More >>
CHICAGO (KWWL) -
A former employee of Peregrine Financial Group has filed a lawsuit against the company, claiming employees were fired without proper notice.
In the lawsuit, Ronald Kotulak claimed to work at PFG's Chicago office until he was let go on July 9. Kotulak is asking for a class action lawsuit on behalf of himself and all other PFG employees. Under the Worker Adjustment and Retraining Notification Act, the lawsuit claims the employees should have received 60 days written notice of termination and is seeking to claim wages and benefits that would have been paid during that period.
The lawsuit was filed in the Northern District Court of Illinois on behalf of employees that worked in the Chicago and Cedar Falls locations.
