We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Proposed Class Regains Lost Ground In Amaranth Suit

Law360 (April 27, 2009, 12:00 AM EDT) -- A federal judge has ruled that the new allegations in the amended complaint in a putative class action over alleged market manipulation by Amaranth Advisors LLC are detailed enough to survive a motion for dismissal.

In a ruling issued Monday, Judge Shira A. Scheindlin of the U.S. District Court for the Southern District of New York revived some claims after plaintiffs bolstered their allegations in an amended complaint. The new ruling upheld most other dismissals.

A group of NYMEX gas futures holders sued Amaranth in July...
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.