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By Linda Sandler, Bloomberg |
February 26, 2013
Lehman Brothers Holdings Inc., which has been fighting affiliates over who owes what to whom since 2008, said its defunct brokerage will allow it to claim about $16.3 billion as a result of a settlement.
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By Linda Sandler, Bloomberg |
September 10, 2012
The Peregrine Financial Group Inc. trustee didn’t complete necessary tests before announcing a plan to distribute $123 million to customers of the defunct futures brokerage, the U.S. Commodity Futures Trading Commission said.
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By Linda Sandler, Bloomberg |
August 8, 2012
JPMorgan Chase & Co. faulted a plan by the trustee liquidating Peregrine Financial Group Inc. to request customer documents directly from Chief Executive Officer James Dimon
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By Linda Sandler, Bloomberg |
July 18, 2012
The trustee liquidating Peregrine Financial Group Inc. said only about 11 of 24,000 futures customers have “specifically identifiable property” eligible to be returned to them.
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By Linda Sandler, Bloomberg |
July 12, 2012
Customers’ claims on PFGBest, whose founder is accused by regulators of misappropriating more than $200 million, may fetch less than a quarter of their value in the wake of the firm’s bankruptcy.
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By Linda Sandler, Bloomberg |
June 25, 2012
The U.S. Supreme Court won’t hear an appeal by Bernard Madoff’s investors over whether they can recover lost profit, an action that lets stand the Madoff trustee’s calculation that investors lost $17 billion.
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By Linda Sandler, Bloomberg |
May 25, 2012
Bernard Madoff’s investors shouldn’t be allowed to appeal a court ruling denying them payment for fake Ponzi profits on their account statements, the U.S. Securities and Exchange Commission said.
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By Linda Sandler, Bloomberg |
April 20, 2012
JPMorgan Chase & Co., fighting Lehman Brothers Holdings Inc. over $8.6 billion the defunct firm wants back, won dismissal of some of Lehman’s claims, leaving it to fight the rest.
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By Linda Sandler, Bloomberg |
March 15, 2012
The MF Global Inc. brokerage trustee is seeking to distribute another $685 million to customers, he said today in a statement.
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By Linda Sandler, Bloomberg |
March 9, 2012
MF Global Inc.’s trustee asked futures customers to release claims on the defunct brokerage in return for money they are owed, demanding an “unwarranted” transfer of legal rights, a group of customers said.
