Amaranth agreed to pay $7.5 million to settle allegations about manipulating futures
Aug 12, 2009 News Watch via COMTEX) -- -- 8/12/2009 - Amaranth Advisors LLC, a hedge fund that collapsed in 2006, agreed to pay $7.5 million to settle US regulators allegations that it tried to manipulate natural-gas futures.
Amaranth Advisors, the hedge fund that imploded three years ago after losing more than $6.6 billion betting on natural gas, has sued the hedge fund manager Paul Touradji and his firm for at least $350 million for claims including breach of contract, fraud and misappropriation of trade secrets.