Did a quick google on this company. From one of the articles I took a small snippet and pasted it below. I also attached the link for this article.

"U.S. Bank held funds of the collapsed Peregrine, whose founder and CEO, Russell Wasendorf Sr., was found guilty of stealing $215 million from customers over two decades and sentenced in January to 50 years in prison. The crimes were uncovered after a botched suicide attempt, in which Wasendorf Sr. left a suicide note confessing to the fraud".

The article goes on to ask the question on how the guy was able to do it for 20 years and just recently he was caught. Also states that US Bancorp spokesman says the lawsuit is without merit.

I don't know what they will get back, but I hope it is more than what I believe duck mentioned in his earlier post. I believe it was duck's post. Hate to see this happen. If there was MF Global, and, PFG, makes you wonder who else may be out there that no one knows about yet.