Amaranth Suit Against JPMorgan Chase Dismissed by Judge
This article is for subscribers only.
Amaranth Advisors LLC, the commodities fund that collapsed in 2006, can’t proceed with a lawsuit claiming JPMorgan Chase & Co. executives helped cause its demise by sabotaging a bailout by Citadel Investment Group LLC, a judge ruled.
The hedge fund, which lost $2 billion in September 2006 on natural gas futures and derivatives bets that went awry, can’t press its claim that JPMorgan officials interfered with its Citadel deal by casting aspersions on Amaranth’s financial condition, New York Supreme Court Judge O. Peter Sherwood concluded.