The trustee unwinding Peregrine Financial Group cut a deal to pay 30 cents on the dollar to a former foreign exchange customer, a settlement he hopes to apply to thousands of other customers, Dow Jones Daily Bankruptcy Review reported today. Trustee Ira Bodenstein in a court filing on Wednesday said that forex customer ASM Capital agreed to drop litigation related to its claims and accept the settlement. Bodenstein said he's willing to strike similar settlements with other former forex and over-the-counter metals customers of the defunct brokerage.
