Highland Capital Management

Representation of Dallas-based investment advisor Highland Capital Management LP in its contentious and high-profile chapter 11 case in the Northern District of Texas. The debtor filed for bankruptcy protection due to a $189,000,000 legal claim over a fund that was frozen during the height of the global financial crisis. Total unsecured claims against the debtor totaled approximately $300,000,000. The case has resulted in two contempt findings against the debtor’s founder. Highland’s plan was confirmed in February 2021 and affirmed, in material part, by the U.S. Court of Appeals for the Fifth Circuit in September 2022. Litigation related to the case has expanded across multiple U.S. and international jurisdictions.