NY Court Won't Squelch $686M UBS Suit Over Highland CDO
The New York Supreme Court’s Appellate Division affirmed a March 3 decision allowing UBS to bring fraudulent conveyance and declaratory judgment claims against Highland Financial Partners LP, Highland Credit Opportunities CDO LP and Strand Advisors Inc. The companies are affiliates of Texas-based Highland.
UBS launched the suit in 2009, claiming Highland had...
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