Highland Capital Management LP’s former chief executive received a $240,000 sanction after a Texas bankruptcy judge found that he and two entities he controls violated prior orders not to sue the company’s current CEO.
The contempt order against former Highland Capital CEO James Dondero is the second that Judge Stacey G.C. Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas has imposed during the investment firm’s bankruptcy case.
The judge previously fined Dondero $450,000 for interfering with Highland Capital’s operations after he was ousted during the investment firm’s bankruptcy case. Dondero has appealed that order.
The Tuesday ...
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