JPMorgan Protests Peregrine Trustee's Subpoena Bid

Law360, New York (August 6, 2012, 10:42 PM EDT) -- JPMorgan Chase Bank NA on Monday objected to the Peregrine Financial Group Inc. liquidating trustee's proposed subpoenas in his search for potentially fraudulent transfers among the bank records of the embattled brokerage.

Peregrine trustee Ira Bodenstein asked U.S. Bankruptcy Judge Carol A. Doyle on July 31 for permission to subpoena Peregrine financial records from at least 10 banks, including JPMorgan, Bank of New York Mellon Corp., Morgan Stanley & Co. Inc. and Goldman Sachs & Co.

But on Monday, JPMorgan said in a court filing that...
To view the full article, register now.