Secure Leverage Group, Inc. v. Bodenstein (In re Peregrine Financial Group, Inc.)

(7th Cir. Aug. 8, 2017)

The Seventh Circuit adopts the district court’s opinion, affirming the bankruptcy court’s ruling in favor of the trustee. The trustee did not include the plaintiffs in a priority distribution of “customer property” under 11 U.S.C. §§761-767, which governs the bankruptcy of a futures commissions merchant. Opinion below.

Judge: Rovner

2017-08-08 – in re peregrine financial – amended

Author: Matt Lindblom