Some Peregrine Customers Get Chance To Reclaim Property

Law360, Chicago (July 19, 2012, 4:07 PM EDT) -- An Illinois federal judge gave Peregrine Financial Group Inc.'s bankruptcy trustee the go-ahead Thursday to notify a handful of customers of the troubled futures broker that they may be able to have specific property returned to them if they put down a deposit.

U.S. Bankruptcy Judge Carol A. Doyle granted Chapter 7 trustee Ira Bodenstein's motion to directly inform 11 customers of Peregrine, which did business as PFGBest, that "specifically identifiable property," including nontransferable warehouse receipts or securities used to secure open commodity contracts, may be...
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