Peregrine might pursue bank claims, trustee says

05/13/2013 | Reuters

A court filing from Peregrine Financial Group bankruptcy trustee Ira Bodenstein suggests that the trustee could pursue claims against JPMorgan Chase and U.S. Bancorp on behalf of clients of the failed brokerage. "Although the Trustee's investigation remains ongoing, the facts reviewed to date suggest that the Estate possesses a number of viable claims against the Wasendorf Defendants as well as the Bank Defendants," the filing says.

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