Peregrine Trustee Holds Off On Plan To Return $123M In Funds

Law360, Chicago (September 12, 2012, 4:31 PM EDT) -- Peregrine Financial Inc.'s bankruptcy trustee agreed to take more time Wednesday to consult with the U.S. Commodity Futures Trading Commission on how to test the validity of the firm's financial records before a judge decides whether to approve his plan to return $123 million to the collapsed firm's customers.

On the suggestion of an attorney for Chapter 7 trustee Ira Bodenstein that was echoed by the CFTC, U.S. Bankruptcy Judge Carol A. Doyle set an evidentiary hearing for Sept. 21. There, the regulator and the trustee...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Peregrine Financial Group, Inc.


Case Number

1:12-bk-27488

Court

Illinois Northern

Nature of Suit

Date Filed

July 10, 2012

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.