Amaranth LLC v. J.P. Morgan Chase & Co.

Decided 2009-11-05

Cited by 214 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

OPINION OF THE COURT Catterson, J. The instant appeal arises from events that the Wall Street Journal in January 2007 described as “the biggest hedge fund failure ever.” To stem billions of dollars in losses in 2006, Amaranth LLC executed trades to transfer its high-risk positions to the parent company of its clearing broker, J.P. Morgan, which received substantial benefits from the transaction. Both parties ap…

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