Judge Reluctantly Allows FERC's Amaranth Action

Law360 (November 1, 2007, 12:00 AM EDT) -- While expressing sympathy for Amaranth Advisers LLC's situation, a federal judge refused to halt the Federal Energy Regulatory Commission's administrative action against the defunct hedge fund even as a similar lawsuit brought by the U.S. Commodities Futures Trading Commission remains pending.

Judge Denny Chin of the U.S. District Court for the Southern District of New York on Thursday denied Amaranth's request for a preliminary injunction staying FERC's administrative action, which involves a proposed $200 million fine.

FERC and the CFTC have both accused Amaranth of manipulating...
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