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,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.