Peterson

I.

BACKGROUND

A. Peterson’s Relationship with Mojdehi Peterson and Mojdehi became friends in 2006 when they served together on the board of trustees of the school their children attended. From 2012 through 2014, while Mojdehi was a partner at the law firm of Cooley LLP, Peterson hired Mojdehi to represent Kim Media LLC, a company Peterson managed, in several bankruptcy matters. Peterson and Mojdehi signed an engagement agreement for this representation. Mojdehi also did legal work for Peterson in 2012 on a personal loan he had made to an entity

2 that later filed for bankruptcy. Peterson paid Cooley approximately $118,000 for this work. B. The Liquor License Lending Platform In April 2014, Peterson formed Kim Funding LLC for the sole purpose of providing capital to a lending platform for liquor license applicants. Peterson owned 99 percent of Kim Funding and was its sole manager. In August 2014, he contacted Mojdehi about the platform and shared confidential information about his stake in the platform and the language of the escrow agreements used in the lending process. Peterson also requested advice on whether Kim Funding would be able to retrieve loan funds it had put…