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Trustee Considers Pursuing Banks over Peregrine Collapse

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The trustee liquidating Peregrine Financial Group Inc. is weighing whether to sue two banks that handled accounts for the defunct brokerage firm, Dow Jones Daily Bankruptcy Review reported today. Trustee Ira Bodenstein sees "a number of viable claims" against U.S. Bank and J.P. Morgan Chase & Co., though no decision has yet been made to pursue the banks, according to a court document filed on Wednesday.