(Reuters) - Roberto Gracey, who traded natural gas futures contracts,
alleged that Amaranth amassed large positions, causing the
price of natural gas futures contracts on the New York
Mercantile Exchange and InterContinental Exchange to be
artificial, according to the complaint in the U.S. District
Court in Manhattan.
"When defendants' unlawful scheme of highly leveraged
trading collapsed in September 2006, the price of natural gas
and natural gas futures contracts traded on NYMEX experienced
an almost unprecedented drop," the complaint alleged.
Read more at Reuters.com Government Filings News
alleged that Amaranth amassed large positions, causing the
price of natural gas futures contracts on the New York
Mercantile Exchange and InterContinental Exchange to be
artificial, according to the complaint in the U.S. District
Court in Manhattan.
"When defendants' unlawful scheme of highly leveraged
trading collapsed in September 2006, the price of natural gas
and natural gas futures contracts traded on NYMEX experienced
an almost unprecedented drop," the complaint alleged.
Read more at Reuters.com Government Filings News
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