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Amaranth Seeks Stay Of FERC Action

Law360 (August 17, 2007, 12:00 AM EDT) -- Hoping to fight one battle at a time, struggling hedge fund manager Amaranth Advisors LLC has asked a New York court to stay the Federal Energy Regulatory Commission's proposed action until the case brought by the Commodity Future Trading Commission has been resolved.

On Thursday, Amaranth filed a memorandum in support of its motion to shelve the FERC action, arguing that the move was necessary to protect the integrity of the CFTC case, currently unfolding in the U.S. District Court for the Southern District of New...
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