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US Commodity Futures Trading Commission v. US Bank, NA
Case Number:
6:13-cv-02041
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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February 04, 2015
US Bank Reaches $18M CFTC Deal For Peregrine Victims
U.S. Bank NA will cough up $18 million for futures customers victimized by former Peregrine Financial Group Inc. CEO Russell Wasendorf Sr.'s $215 million embezzlement, putting the Commodity Futures Trading Commission's accusations of complicity against the bank to rest.
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December 19, 2014
US Bank Settles With CFTC In Suit Over Peregrine Debacle
An Iowa federal judge on Friday agreed to dismiss a suit brought by the U.S. Commodity Futures Trading Commission against U.S. Bank NA after the two parties agreed to settle claims that the bank aided bankrupt Peregrine Financial Group Inc.'s former CEO in misappropriating $215 million in customer funds.
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November 20, 2014
US Bank Must Face Trial Over Role In $215M Peregrine Fraud
U.S. Bank NA must face at trial claims from the Commodities Futures Trading Commission for almost $36 million in restitution, an Iowa federal judge ruled Wednesday, in a lawsuit accusing the lender of helping bankrupt Peregrine Financial Group Inc.'s former CEO misappropriate $215 million in customer funds.
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June 13, 2014
CFTC Rebuked For US Bank Discovery Delay In Peregrine Row
An Iowa federal judge on Thursday promptly quashed the U.S. Commodity Futures Trading Commission's bid to delay discovery in its lawsuit against U.S. Bank NA, which the regulator is accusing of aiding a $215 million fraud that took down Peregrine Financial Group Inc.
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November 05, 2013
US Bank Can't Escape Suit Over $215M Peregrine Fraud
An Iowa federal judge refused to dismiss the U.S. Commodity Futures Trading Commission's lawsuit accusing U.S. Bank NA of helping bankrupt Peregrine Financial Group Inc.'s former CEO misappropriate $215 million in customer funds, saying Tuesday the commission has adequately pled its claims.
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August 15, 2013
US Bank Is Complicit In $215M Peregrine Fraud, CFTC Says
The U.S. Commodity Futures Trading Commission on Thursday bucked U.S. Bank NA's bid to toss a suit accusing it of helping bankrupt Peregrine Financial Group Inc.'s former CEO misappropriate $215 million in customer funds, arguing the bank is directly liable for violating the Commodity Exchange Act.
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August 06, 2013
US Bank Says It Never Aided $215M Peregrine Fraud
U.S. Bank NA pressed an Iowa federal court Monday to dismiss the U.S. Commodity Futures Trading Commission's case accusing it of aiding the former head of now-bankrupt Peregrine Financial Group Inc. in misappropriating $215 million in customer funds, arguing it complied with all applicable rules.
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June 05, 2013
CFTC Hits US Bank With Suit Over $215M Peregrine Fraud
The U.S. Commodity Futures Trading Commission sued U.S. Bank NA in Iowa federal court Wednesday, accusing it of aiding the misappropriation of more than $215 million in customer funds from now-bankrupt Peregrine Financial Group Inc. by giving the company's former CEO free access to the money.