Peregrine Trustee Gets OK To Return $123M In Customer Funds

Law360, Chicago (September 20, 2012, 4:57 PM EDT) -- Peregrine Financial Group Inc.'s bankruptcy trustee won court approval Thursday to dole out $123 million to certain customers, after putting to bed the U.S. Commodity Futures Trading Commission's concerns and overcoming an objection from customers not included in those distributions.

U.S. Bankruptcy Judge Carol A. Doyle gave the green light for the interim distribution plan, which Chapter 7 trustee Ira Bodenstein had agreed to put on hold last week. The CFTC had wanted more information about how the trustee was testing the validity of the firm's...
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

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.