Bankrupt Highland Capital Management LP agreed to delay receiving a court-ordered $450,000 sanction payment from former CEO James Dondero while his appeal is pending, following his plan to deposit a cash bond with the court.
The agreement, approved Tuesday by Judge Stacey G.C. Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas, is the latest turn in the Dallas-based investment firm’s ongoing legal battle with Dondero over how its bankruptcy case was handled and his alleged influence over its operations and trades.
Dondero, also a Highland Capital co-founder, has appealed the $450,000 sanction for violating a December ...
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.