Peregrine Trustee OK'd To Subpoena JPMorgan, Others

Law360, Chicago (August 7, 2012, 3:12 PM EDT) -- Peregrine Financial Group Inc.'s liquidating trustee won court approval Tuesday to subpoena JPMorgan Chase Bank NA, Goldman Sachs & Co. and eight other major banks in order to investigate any potentially shady transactions in the bankrupt brokerage firm's records.

U.S. Bankruptcy Judge Carol A. Doyle gave trustee Ira Bodenstein the go-ahead to send subpoenas to at least 10 financial institutions — a group that also includes Morgan Stanley & Co. Inc. and Bank of New York Mellon Corp. — demanding documents related to Peregrine's conduct, property,...
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