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Peregrine Financial Group, Inc.

  1. September 20, 2012

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

    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.

  2. September 12, 2012

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

    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.

  3. September 10, 2012

    CFTC Pushes For Delay In Returning $123M In Peregrine Funds

    The U.S. Commodity Futures Trading Commission on Sunday urged an Illinois bankruptcy judge to delay a plan to return $123 million to customers of Peregrine Financial Group Inc., cautioning that the collapsed firm's records may be unreliable, given the fraud allegedly perpetrated by its chief executive.

  4. September 05, 2012

    Peregrine Trustee Gets OK For GC Salary Boost

    An Illinois bankruptcy judge on Wednesday gave Peregrine Financial Inc.'s trustee approval to boost the company general counsel's pay by about $20,000 from last year, rejecting an objection by creditors who said the in-house attorney could still leave the collapsed brokerage firm at any time.

  5. August 30, 2012

    Peregrine Trustee Pushed To Explain Bid For GC Raise

    An Illinois bankruptcy judge refused to sign off on a $20,000 raise for Peregrine Financial Group Inc.'s general counsel on Thursday, telling the collapsed brokerage firm's liquidating trustee he needs to first explain why the pay boost, which raised the ire of commodity customers, is appropriate.

  6. August 21, 2012

    Foley & Lardner Gets Green Light For Peregrine Liquidation

    An Illinois bankruptcy judge gave Peregrine Financial Group Inc.'s liquidating trustee approval on Tuesday to retain Foley & Lardner LLP, which has represented Peregrine in the past, as his special commodities counsel to help dismantle the brokerage firm.

  7. August 08, 2012

    Peregrine CEO's Receiver Can Surrender Life Insurance, Plane

    The receiver in the U.S. Commodity Futures Trading Commission's fraud suit against bankrupt Peregrine Financial Group Inc. won an Illinois federal judge's approval Wednesday to surrender CEO Russell R. Wasendorf Sr.'s stake in a plane and try to maximize the value of two life insurance policies he owns.

  8. August 07, 2012

    Peregrine Trustee OK'd To Subpoena JPMorgan, Others

    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.

  9. August 06, 2012

    JPMorgan Protests Peregrine Trustee's Subpoena Bid

    JPMorgan Chase Bank NA on Monday objected to the Peregrine Financial Group Inc. liquidating trustee's proposed subpoenas in his search for potentially fraudulent transfers among the bank records of the embattled brokerage.

  10. August 01, 2012

    Peregrine Trustee Wants To Subpoena Bank Records

    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.