Highland Capital Management LP’s co-founder and former chief executive officer is appealing a $450,000 sanction imposed for violating an order not to interfere with the bankrupt investment firm.
James Dondero on Tuesday asked Judge Stacey G.C. Jernigan to pause her sanction order while the appeal is pending. Along with the motion, he offered to post a $550,000 cash bond with the U.S. Bankruptcy Court for the Northern District of Texas.
Jernigan’s June 7 order said Dondero would be sanctioned an additional $100,000 for every unsuccessful rehearing or appeal he pursues.
Dondero’s motion is the latest turn in the long-running dispute ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.