Our client Amaranth was sued by the CFTC and the FERC for allegedly manipulating the price of natural gas futures contracts. Compass Lexecon expert Daniel R. Fischel analyzed the economic evidence in the case and testified that the government’s expert reports were fundamentally flawed and that Amaranth’s trading was perfectly consistent with normal market activity. Professor Fischel was assisted by David Ross, Hans-Juergen Petersen, Elizabeth Wall, and others in Compass Lexecon’s Chicago office. The case eventually settled on favorable terms. We worked with Stephen Senderowitz, Michael Phillips, David Mollon, and Kristen Grisius of Winston & Strawn LLP who represented Amaranth.