Amaranth, Traders Respond Defiantly To FERC Orders

Law360, New York (December 20, 2007, 12:00 AM EST) -- After failing to secure stays on the Federal Energy Regulatory Commission's orders to show cause, which together demand $288 million in civil penalties and disgorgement, Amaranth Advisors LLC and two of its former traders submitted their responses to the orders on the deadline of Dec. 14.

The disgraced hedge fund, trader Brian Hunter – whose OSC calls for $30 million – and trader Matthew Donohoe – whose OSC calls for $2 million – also filed motions for summary disposition with FERC.

The respondents had engaged in...
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