Peregrine Investors' Loss Suit Tossed As Time-Barred

By Rick Archer (April 1, 2019, 11:20 PM EDT) -- A New York federal judge has dismissed as too late claims by a group of Peregrine Financial Group customers alleging banks, commodities exchanges and regulatory agencies were liable for the loss of their accounts with the defunct commodities broker.

In an order issued Friday, U.S. District Judge Vernon Broderick said the fact the five Peregrine customers waited until 2016 to file their federal claims against U.S. Bank National Association, JP Morgan Chase, the Chicago Mercantile Exchange, the National Futures Association and others for their alleged part in the criminal scheme that took down Peregrine was fatal to their case. The judge...

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