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UNITED STATES BANKRUPTCY COURT
NORTHERN DISTRICT OF ILLINOIS
Eastern Division
In Re:

)
)
PEREGRINE FINANCIAL GROUP, INC., )
)
)
)
Debtor(s)
)

BK No.:

12-27488

Chapter: 7
Honorable Carol A. Doyle

ORDER APPROVING PROCEDURES FOR FIXING PRICING
AND CLAIM AMOUNTS IN CONNECTION WITH
THE TERMINATION AND LIQUIDATION OF PRECIOUS
METALS DERIVATIVES CUSTOMER AGREEMENTS
Upon consideration of the Motion (the “Motion”) of Ira Bodenstein, not individually but solely
as the duly appointed chapter 7 trustee (the “Trustee”) of the estate of Peregrine Financial Group, Inc.
(the “Debtor”), for the entry of an order, pursuant to 11 U.S.C. §§ 105(a), 502 and 766(f) and Federal
Rule of Bankruptcy Procedure 9014, approving procedures for fixing pricing and claim amounts in
connection with the termination and liquidation of the Debtor’s precious metals derivatives customer
agreements and transactions thereunder; due and proper notice of the Motion having been provided; it
appearing that there is good cause to grant the relief requested; and, there being no objection to the
relief requested; it is hereby ORDERED:
1. The Motion is granted;
2. The procedures for fixing pricing and claim amounts in connection with the termination and
liquidation of the Debtor’s precious metals derivatives customer agreements and transactions thereunder
set forth in the Motion are hereby approved; and
3. The Trustee is hereby authorized to fix the amount of customer claims and debits, if any, by using
as the liquidation price for open positions in each type of Metals OTC Customer Transaction either (a)
the price, or (b) the “weighted average” of the prices, if applicable, at which JPMorgan liquidated the
corresponding JPMorgan OTC Transactions.
Enter:

Dated:

United States Bankruptcy Judge

Prepared by:
Salvatore Barbatano (#109681)
John Guzzardo (#6283016)
Shaw Gussis Fishman Glantz
Wolfson & Towbin LLC
321 North Clark Street, Suite 800
Chicago, IL 60654
Rev: 20120501_bko

Phone: (877) 465-1849
pfgbest@omnimgt.com
Proposed Counsel to the Trustee
and
Geoffrey s. Goodman (#6272297)
Derek L. Wright (#6276201)
Foley & Lardner LLP
321 N. Clark St., Ste. 2800
Chicago, IL 60654
Proposed Special Commodities Counsel to the Trustee

Rev: 20120501_bko