Peregrine Trustee Wants To Subpoena Bank Records

Law360, New York (August 1, 2012, 5:58 PM EDT) -- The trustee charged with liquidating Peregrine Financial Group Inc. asked an Illinois federal bankruptcy judge on Tuesday for permission to examine the embattled brokerage firm's bank records to investigate potentially fraudulent transfers between its proprietary and segregated accounts. 

Peregrine trustee Ira Bodenstein asked Illinois federal bankruptcy judge Carol A. Doyle for permission to subpoena Peregrine financial records from at least 10 banks, including JP Morgan Chase Bank NA, Bank of New York Mellon Corp., Morgan Stanley & Co. Inc. and Goldman Sachs & Co., according to...
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