Amaranth Drops Fight With Touradji Capital

Law360, New York (November 16, 2009, 12:28 PM EST) -- After gleaning more about the case, collapsed hedge fund Amaranth Advisors LLC has withdrawn its allegations that Touradji Capital Management LP and its head, Paul Touradji, breached contracts and misappropriated Amaranth's trade secrets.

In a joint statement Monday, Amaranth and Touradji said the dispute had ended. Neither of the parties made a payment in connection with the withdrawal of the notice and summons, the companies said.

Since filing the summons in the Supreme Court of the State of New York in September, Amaranth received additional information...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.