Mirant's Atha Settles CFTC Action

Law360 (November 8, 2007, 12:00 AM EST) -- A former Mirant Corp. trader who pleaded guilty to conspiring to manipulate the price of natural gas has settled the U.S. Commodity Futures Trading Commission's enforcement suit, agreeing to a $200,000 penalty and permanent disqualification from CFTC registration.

On Wednesday, Paul Atha signed a consent order in the U.S. District Court for the Northern District of California fining and permanently enjoining him from seeking to register with the CFTC and from acting as a principal under the National Futures Association.

In exchange, the CFTC agreed to...
To view the full article, register now.
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.