Highland Lands $28M Award In RBC Securities Row

Law360, Dallas (April 17, 2013, 8:01 PM EDT) -- A Texas judge on Wednesday denied a Royal Bank of Canada unit’s bid to dump a $21.5 million jury verdict on an argument the case was time-barred but agreed to limit prejudgment interest in the 12-year-old securities dispute with Highland Capital Management LP to about $6.5 million.

In a ruling from the bench, Dallas County District Judge Ken Molberg issued a final judgment that also rejected RBC Capital Markets LLC’s contention the March 13 jury verdict awarded damages based on a flawed fair market value of...
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