The charge was actually a counterclaim to a $20-million wrongfultermination and defamation suit brought by Wiederhorn, the trialfor which is scheduled to begin Oct. 2. Wilshire has not yetdecided whether to appeal the counterclaim ruling.
Wilshire Financial fell into bankruptcy in March of 1999, andafter debt restructuring, two of the company's major creditorsgained control of the board. Founder and CEO Widerhorn and hissenior executive Mendelsohn were fired in August of that year butretain control of the publicly traded Wilshire Real EstateInvestment Trust.
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