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Peregrine Financial Trustee: Commodities Customer Class Action Should Be Stayed

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CHICAGO - The trustee in the Chapter 7 bankruptcy of former financial company Peregrine Financial Group on May 8 filed an adversary complaint in a federal bankruptcy court against a class of former Peregrine commodities customers, arguing that the class action should be stayed in order to allow maximum recovery for the former financial company's creditors (Ira Bodenstein v. Brian Pannkuk, et al. $(In Re: Peregrine Financial Group Inc.$), No. 12-27488, N.D. Ill. Bkcy.)....(read more)

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