You are receiving this email because you are listed as a former customer of Peregrine Financial Group, Inc. (“PFG”) with an account opened for the purpose of trading futures or options on futures on a U.S. futures exchange (“4d Customers”) under Section 4d of the Commodity Exchange Act, 7 U.S.C. § 6d(a)(2). The following information may affect your legal rights:
On June 23, 2015, the U.S. District Court for the Northern District of Illinois granted preliminary approval to a settlement between 4d Customers of PFG and defendant U.S. Bank, N.A., and certified the case as a class action for settlement purposes. You may be eligible to receive a cash payment from this settlement. Class counsel has retained Rust Consulting/ Omni Bankruptcy to issue the official court-approved notices to the class and process class member claims.
Please click the link below to open a copy of the settlement notice:
Peregrine Settlement Notice
If you wish to file a claim in this matter, please click the link below to obtain a copy of the claim form:
NOTICE TO PFG FUTURES CUSTOMERS OF PROPOSED DISTRIBUTION
On February 3, 2016, the Trustee filed the Trustee’s Motion for Entry of an Order Authorizing Additional Interim Distributions on Allowed 4d Customer Claims (the “Motion”). In the Motion, the Trustee requested authority from the Bankruptcy Court to make up to a sixty (60%) interim distribution of segregated cash to the holders of Allowed 4d Customer Claims (the “Proposed Distribution”).
With respect to holders of Allowed 4d Customer Claims that received all Prior Distributions, the proposed incremental distribution will be 11%. The Trustee will continue to make 100% distributions to holders of Allowed 30.7 Customer Claims as the remaining unresolved 30.7 Customer claims become Allowed Futures Claims. Holders of Allowed Futures Claims that did not receive the full amount of their Prior Distributions will receive their pro rata share of the undistributed portion of all Prior Distributions.
The Trustee also requested authority from the Bankruptcy Court to set 11:59 p.m. (CST) on February 3, 2016 as the “Record Date” for the Proposed Distribution. As of the Record Date, the claims register shall be closed for the purposes of the Proposed Distribution and the Trustee shall have no obligation to recognize any transfer of any claims occurring after the Record Date. The Proposed Distribution checks will be mailed to the customer at the address contained in the proof of claim as of the Record Date.
The Motion is scheduled for hearing on February 11, at 10:00 a.m. (CST) in Courtroom No. 742, United States Courthouse, 219 South Dearborn Street, Chicago, Illinois, before the Honorable Judge Carol A. Doyle, Bankruptcy Judge, or such other Judge who may be sitting in her place and stead. Such hearing may be continued from time to time without further notice other than by announcement in open Court. A copy of the Motion and the proposed order is available here.
 Capitalized terms not defined herein shall have the meanings ascribed to them in the Motion.
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Posted October 13th, 2015 by BonTrade and filed in PFG News - Wasendorf Fraud
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NOTICE OF SETTLEMENT OF
IN RE PEREGRINE FINANCIAL
GROUP CUSTOMER LITIGATION
On October 13, 2015, United States District Court Judge Sara L. Ellis entered a series of Orders, which resolved the pending customer class action brought against U.S. Bank National Association (“U.S. Bank”) Civil Action No. 12-cv-5546. The Orders which were entered are as follows:
i. Final Judgment and Order of Dismissal with Prejudice;
ii. Order Approving Plan of Allocation;
iii. Order Awarding Attorneys’ Fees and Expenses; and
iv. Order Awarding Service Awards.
As a result of the settlement, U.S. Bank will be making a payment of $44.5 million dollars to resolve all claims. Of that amount, the court approved legal fees for the class lawyers in the amount of $13,795,000 and expenses of $437,440. The court also approved services awards to the named plaintiffs in the class action totaling $45,000.
I got a check dated Feb 26, that represents about 11% of my account balance. The stub says nothing about prior distributions. It does say status can be checked on the website of the trustee but it is not easy to find and just lists the total amount of my claim in a pdf document that was a court filing.
I am guessing that my account was a 4d? only ever traded CL. So I have about 60% back.
Last edited by abdunbar; April 6th, 2016 at 06:42 PM.