Amaranth Seeks Stay Against FERC Action

Law360, New York (October 4, 2007, 12:00 AM EDT) -- Collapsed hedge fund Amaranth Advisors LLC has once again asked a court to stay the lawsuit filed against it by the Federal Energy Regulatory Commission, arguing that the case should be put on hold until the conclusion of a similar matter filed by the U.S. Commodity Futures Trading Commission.

In a motion filed on Wednesday in the U.S. District Court for the Southern District of New York, Amaranth urged the court to stay the FERC action on the grounds that the CFTC should have jurisdiction over...
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