Highland Wants Citi CLO Fight Sent Back To State Court

Law360, New York (April 25, 2012, 7:56 PM EDT) -- Highland Capital Management LP asked a Texas federal judge Tuesday to remand to state court a suit accusing Citigroup Global Markets Inc. of interfering with a contract between Highland and a collateralized loan obligation issuer when it tried to remove it as manager of the CLO portfolio.

Several weeks after Citigroup removed the case from state court to federal court, Highland asked U.S. District Judge David C. Godbey to send it back, arguing that the federal court lacks subject matter jurisdiction because there is not a...
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