Highland Asks 5th Circ. To Revive $15.5M BofA Loan Suit

Law360, New York (November 27, 2013, 3:49 PM EST) -- Highland Capital Management LP recently asked the Fifth Circuit for a second time to revive its suit accusing Bank of America NA of backing out of an oral agreement to sell a $15.5 million loan, saying a federal judge misapplied the law when he dismissed the case.

In a brief filed with the Fifth Circuit on Nov. 25, Highland said that after the appeals court partially resurrected and remanded the suit last year, U.S. District Judge Sam A. Lindsay granted summary judgment in favor of BofA...
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