Peregrine Financial Group Inc.'s bankruptcy trustee obtained a federal court order clarifying his role in the marshaling of assets belonging to the collapsed commodity futures brokerage, Bloomberg News reported yesterday. U.S. District Judge Rebecca Pallmeyer yesterday granted trustee Ira Bodenstein's request after his lawyer told the judge that while $24 million in firm funds had been located, some banks holding that money would not allow them access to it because of her earlier restraining order in a lawsuit filed against Peregrine by the U.S. Commodity Futures Trading Commission. "At least one financial institution has expressed concern that its compliance with the trustee's request for the transfer of funds may violate the ‘asset freeze’ provisions of the order," Bodenstein's attorneys told Pallmeyer in a July 20 filing.
