Pension Fund Seeks To Revive Amaranth Securities Suit

Law360, New York (April 15, 2010, 4:52 PM EDT) -- A San Diego pension fund has appealed the dismissal of a securities fraud and breach of contract suit against hedge fund Amaranth Advisors LLC, which collapsed in 2006 after squandering more than $6 billion in poorly made bets in the natural gas sector.

The San Diego County Employees Retirement Association lodged a notice of appeal Wednesday that will move the case from the U.S. District Court for the Southern District of New York to the U.S. Court of Appeals for the Second Circuit.

The appeal comes...
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