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Peregrine, creditors spar over bonuses.
Byline: David Shabelman
SAN FRANCISCO -- Peregrine Systems Inc. heads to bankruptcy court Tuesday, Oct. 22, for a hearing on the company's plan to dole out millions of dollars in retention and bonus payments to senior executives.
Creditors of the San Diego company object to the payment plan.
"There's a lot of work to do," said Bruce Bennett, an attorney with Los Angeles-based Hennigan, Bennett & Dorman LLP who is representing the Peregrine's creditors committee. "But we're confident we'll have a solid evidentiary case."
The committee is challenging Peregrine's plan to pay CEO Jeff Greenfield, Chief Financial Officer Ken Sexton and general …
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