Amaranth Advisors, the multistrategy hedge fund that
caved in last year on misplaced natural gas bets, has sued
JPMorgan Chase for more than $1 billion.
The complaint, filed on November 13 in the New York State
Supreme Court in Manhattan, claims that JPMorgan, as
Amaranths clearing broker and sole futures commission
merchant, unfairly took advantage of the hedge fund firm during
its natural-gas derivatives trading crisis in September