Earlier this week, we reported that Amaranth had offered it’s investors two options:
1. Agree not to sue us and we'll get you your money faster OR
2. Don’t agree not to sue us and we'll take a portion of the money you are owed and use it defending ourselves.
Sadly, though, thanks to what we can only imagine is a soulless, profiteering group known as SDCERA (the San Diego County Employees Retirement Association), that offer is no longer on the table. Full letter from Nick Maounis detailing the how’s and why’s, after the jump.
(Good to see he's saving investor money on letterhead, though).