IN RE AMARANTH NATURAL GAS COMMODITIES LITIGATION

No. 07 Civ. 6377 (SAS).

587 F.Supp.2d 513 (2008)

In re AMARANTH NATURAL GAS COMMODITIES LITIGATION.

United States District Court, S.D. New York.

October 6, 2008.


Attorney(s) appearing for the Case

Bernard Persky, Esq., Gregory Scott Asciolla, Esq., Labaton Sucharow, LLP, Christopher Lovell, Esq., Ian Trevor Stoll, Esq., Lovell Stewart Halebian LLP, New York, NY, Vincent Briganti, Esq., Geoffrey Milbank Horn, Esq., Lowey Dannenberg Cohen & Hart, P.C., White Plains, NY, Robert M. Rothman, Esq., Samuel Howard Rudman, Esq., Coughlin, Stoia, Geller, Rudman & Robbins, LLP, Melville, NY, Louis Fox Burke, Esq., Christopher J. Gray, Esq., New York, NY, for Plaintiffs.

David Emilio Mollon, Esq., Steven Michael Schwartz, Esq., Winston & Strawn LLP, New York, NY, Kristen Victoria Grisius, Esq., Stephen J. Senderowitz, Esq., Winston & Strawn LLP, Chicago, IL, for Defendant Amaranth Advisors, LLC.

Andrew Levine, Esq., Richard Scott Goldstein, Esq., Heller Ehrman, LLP, New York, NY, Thomas Samuel Kimbrell, Esq., Heller Ehrman LLP, Geoffrey Aronow, Esq., Bingham McCutchen, LLP, Washington, DC, for Defendant Nicholas M. Maounis.

Steven R. Goldberg, Esq., New York, NY, for Defendant ALX Energy, Inc.

Michael Sangyun Kim, Esq., Kobre & Kim LLP, New York, NY, for Defendant Brian Hunter.

Amelia Temple Redwood Starr, Esq., Dharma Betancourt Frederick, Esq., Sheldon Leo Pollock, III, Esq., Davis Polk & Wardwell, New York, NY, for Defendant Amaranth LLC.

Adam Selim Hakki, Esq., Shearman & Sterling LLP, New York, NY, for Defendant Amaranth International Ltd.

Karl Geercken, Esq., Alan Mark Kanzer, Esq., Amber C. Wessels, Esq., Craig Carpenito, Esq., Alston & Bird, LLP, New York, NY, for Defendant TFS Energy Futures LLC.

Brijesh Pradyuman Dave, Esq., Joshua Adam Levine, Esq., Mark J. Stein, Esq., Simpson Thacher & Bartlett LLP, New York, NY, for Defendant Matthew Donohoe.

Daniel John Toal, Esq., Eric S. Goldstein, Esq., Marguerite Sophia Dougherty, Esq., Mark Floyd Pomerantz, Esq., Jason Harold Wilson, Esq., Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for the J.P. Morgan Defendants.


OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

Another great evil arising from this desire to be thought rich; or rather, from the desire not to be thought poor, is the destructive thing which has been honored by the name of "speculation;" but which ought to be called gambling. —William Cobbett1

I. INTRODUCTION

Plaintiffs have filed this putative class action on behalf...

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