FERC Fines Amaranth $291M

Law360, New York (July 26, 2007, 12:00 AM EDT) -- The Federal Energy Regulatory Commission slammed floundering hedge fund Amaranth Advisors LLC and two of its former heads with $291 million in fines and a show cause order Thursday, just days after one of them challenged FERC's jurisdiction in court.

That order gives Amaranth 30 days to show why it should not be assessed those civil penalties and required to disgorge its profits.

And just yesterday the Commodity Futures Trading Commission leveled its own accusations at the defunct hedge fund and its former managers for the...
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