Highland Tells Jury Ex-PE Chief Quit, Stole Trade Secrets

Law360, Dallas (January 16, 2014, 6:55 PM EST) -- Highland Capital Management LP told a Dallas jury Thursday that its former private equity chief was money hungry and bitter about his exit from the investment firm, prompting him to steal thousands of confidential and proprietary documents he used to trash Highland's reputation and launch a competing business.

Highland, which manages about $18 billion, is dueling with its former No. 3 executive Patrick Daugherty over his 2011 exit from the company, where he oversaw distressed investments and private equity and had formerly served as its general...
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