Highland Capital Management LP sued its former CEO James Dondero, alleging he interfered with the bankrupt investment firm’s reorganization efforts and made threatening remarks.
Dondero should be subject to a preliminary injunction barring him from undermining Highland’s current CEO and chief restructuring officer James R. Seery Jr., the investment advisory firm said in a complaint Monday with the U.S. Bankruptcy Court for the Northern District of Texas.
Dondero, who founded Highland in 1993, served as president and CEO until January, when he agreed to cede control of the company to an independent board as part of a settlement with creditors. ...
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