So far, domestic futures account holders have received 30% with prospects of another 25%, in view of money the trustee has found so far.
(Accounts designated for trading on foreign exchanges look to fare better and stand to get close to 100% - I may have misdescribed this class earlier as forex traders, which is not correct - they may get nothing).
But here is potentially good news in the area of finding more money by suing the banks:
Peregrine Financial may have "viable" claims vs banks -trustee
Peregrine Financial may have viable claims vs banks -trustee | Reuters
For all of the details of the class action suit, incorporated in the Trustee's motion to stay it for now, and his own submissions. see:
http://www.omnimgt.com/cmsvol/cmsdocs/pub_46535/398429_810.pdf
(Accounts designated for trading on foreign exchanges look to fare better and stand to get close to 100% - I may have misdescribed this class earlier as forex traders, which is not correct - they may get nothing).
But here is potentially good news in the area of finding more money by suing the banks:
Peregrine Financial may have "viable" claims vs banks -trustee
Peregrine Financial may have viable claims vs banks -trustee | Reuters
For all of the details of the class action suit, incorporated in the Trustee's motion to stay it for now, and his own submissions. see:
http://www.omnimgt.com/cmsvol/cmsdocs/pub_46535/398429_810.pdf