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Highland Capital Can Block Shareholder Suit, 5th Circ. Holds

By Katryna Perera (March 29, 2023, 10:42 PM EDT) -- The Fifth Circuit won't revive a derivative suit against the manager and trustees of the Highland Capital Global Allocation Fund, holding that a lower court applied the correct Massachusets legal standard when it found the trustees were independent enough to deny the shareholder's demand for litigation. ...

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