Amaranth Seeks To Dismiss Natural Gas Suit

Law360, New York (June 24, 2008, 12:00 AM EDT) -- Defunct hedge fund Amaranth Advisors LLC has asked a court to dismiss a class action that claims Amaranth artificially manipulated the price of natural gas futures and that its founder and a number of its affiliates aided in the manipulation.

“In their complaint, plaintiffs throw everything against the proverbial wall, hoping something will stick,” Amaranth said in a memorandum in support of its motion to dismiss, filed Monday in the U.S. District Court for the Southern District of New York. “Plaintiffs, however, do not have standing...
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