Highland Capital Management LP was granted a pause by the US Supreme Court of an appeals court decision allowing the investment firm’s former CEO to pursue bankruptcy-related litigation against it.
The firm, via an emergency request, sought to halt the ruling from the US Court of Appeals for the Fifth Circuit while it challenges the decision over whether a bankruptcy court has the gatekeeping authority to screen certain lawsuits. The mandate was scheduled to go into effect Friday.
With the Thursday order from Justice Samuel Alito, the pause will remain pending a further order while Highland prepares to ask the ...
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