The US Supreme Court ended a litigation pause it recently granted to Highland Capital Management LP halting an appeals court decision.
Justice Samuel Alito on Monday vacated a May 29 order that paused a US Court of Appeals for the Fifth Circuit mandate, meaning the investment firm’s former CEO is now able to pursue bankruptcy-related litigation against it.
The May 29 order halted the mandate pending further order from the high court. Monday’s order denies Highland’s request for a longer stay.
The decision came a few days after NexPoint Advisors LP urged the high court to allow the Fifth Circuit’s ...
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