UPDATE 1-U.S. Bancorp unit to pay $44.5 mln in Peregrine settlement
June 23, 2015 at 15:59 PM EDT
NEW YORK, June 23 (Reuters) - A unit of Minneapolis-based U.S. Bancorp has agreed to pay $44.5 million to settle a class action brought by former customers of brokerage Peregrine Financial Group, which failed in 2012 after its funds were siphoned off in a long-running fraud.
