PFG customers clamber to sell claims at 25 cents or less
Quotes of 22 cents on the dollar to 25 cents were given to half a dozen Peregrine customers who called CRT Capital Group LLC, which buys and sells distressed debt.
Customers' claims on Peregrine Financial Group Inc., whose founder is accused by regulators of misappropriating more than $200 million, may fetch less than a quarter of their value in the wake of the firm's bankruptcy, a trader said.
Quotes of 22 cents on the dollar to 25 cents were given to half
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