Amaranth, Traders Respond Defiantly To FERC Orders

Law360, New York (December 20, 2007, 12:00 AM EST) -- After failing to secure stays on the Federal Energy Regulatory Commission's orders to show cause, which together demand $288 million in civil penalties and disgorgement, Amaranth Advisors LLC and two of its former traders submitted their responses to the orders on the deadline of Dec. 14.

The disgraced hedge fund, trader Brian Hunter – whose OSC calls for $30 million – and trader Matthew Donohoe – whose OSC calls for $2 million – also filed motions for summary disposition with FERC.

The respondents had engaged in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.