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San Diego plans to appeal Amaranth decision


The US District Court for the Southern District of New York dismissed San Diego County Employees' Retirement Association's case against Amaranth Advisors and its founders and officers last month, nearly three years after the lawsuit was filed.

SDCERA officials say they plan to appeal the decision, which was made after they say two and a half years of a motion to dismiss. The court ruled to dismiss the case primarily because the $7 billion pension fund's contract contained routine disclosures that advised of some level of risk. The pension