Proposed Class Regains Lost Ground In Amaranth Suit

Law360, New York (April 27, 2009, 12:00 AM EDT) -- A federal judge has ruled that the new allegations in the amended complaint in a putative class action over alleged market manipulation by Amaranth Advisors LLC are detailed enough to survive a motion for dismissal.

In a ruling issued Monday, Judge Shira A. Scheindlin of the U.S. District Court for the Southern District of New York revived some claims after plaintiffs bolstered their allegations in an amended complaint. The new ruling upheld most other dismissals.

A group of NYMEX gas futures holders sued Amaranth in July...
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