COURT DENIES MOTIONS TO DISMISS CLAIMS IN AMARANTH COMMODITIES MARKET MANIPULATION CLASS ACTION

by Christopher J. Gray on May 3, 2009

in Uncategorized

The U.S. District Court for the Southern District of New York (Judge Shira A. Scheindlin) has denied several defendants' renewed motions to dismiss the commodities manipulation class action complaint against a hedge fund known as Amaranth.  The Court has now denied motions to dismiss filed by two of Amaranth's domestic feeder funds, its master fund Amaranth LLC, its trading advisor, and the traders who allegedly carried out a market manipulation scheme and caused artificial prices in the market for natural gas futures during much of 2006.

 Christopher J. Gray, P.C. represents the plaintiffs in the case, along with five other law firms.  

The Court's decision can be accessed below.

09.4.27 decision and order.pdf (1.23 mb)

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