Amaranth-FERC Dispute Draws CFTC's Attention

Law360 (January 14, 2008, 12:00 AM EST) -- The U.S. Commodity Futures Trading Commission is seeking court permission to intervene in Amaranth Advisors LLC's bid for review of orders – including a $256 million proposed penalty and order to show cause – handed down by the U.S. Federal Energy Regulatory Commission.

The CFTC filed its motion for leave to intervene with the U.S. Court of Appeals for the District of Columbia Circuit on Jan. 7, to address the scope of the CFTC's exclusive jurisdiction with respect to futures trading.

The CFTC's motion seeks review...
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.