Bankruptcy Judge Carol A. Doyle authorized bankruptcy trustee Ira Bodenstein, who is overseeing Peregrine's liquidation, to send the payments out to U.S. and foreign futures customers, the Wall Street Journal reported today. With no objections to the proposed distribution, Judge Doyle told Bodenstein and his lawyers that she would grant the request without them "saying a word" about their motion. U.S. customers will receive $27.5 million of the distribution, the second such payout since Peregrine's collapse into bankruptcy last year following the exposure of its founder's fraud. Foreign customers will get the remaining $13.5 million.
