We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Investor Tells 2nd Circ. Amaranth Lacked Controls

Law360 (March 25, 2011, 6:33 PM EDT) -- A lawyer for a California pension fund asked the Second Circuit on Friday to revive a securities fraud suit against hedge fund Amaranth Advisors LLC over $6 billion in bad energy bets, arguing that the hedge fund utterly lacked risk controls.

Steven P. Rice, of Crowell & Moring LLP, told a panel of the U.S. Court of Appeals for the Second Circuit that the pension fund could not have been adequately warned about risk management issues at Amaranth, as a lower court had found, because in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

IN RE: AMARANTH NATURAL GAS COMMODITIES LITIGATION


Case Number

1:07-cv-06377

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Colleen McMahon

Date Filed

July 12, 2007

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.