Law360, New York (May 25, 2012, 7:35 PM ET) -- Two affiliates of private fund firm Highland Capital Management LP asked a New York state judge Friday to dismiss them from a $686 million fraud lawsuit by UBS AG that claims Highland and its affiliates tricked UBS into restructuring a debt securities agreement.
The affiliates — Highland Credit Strategies Master Fund LP and Highland Crusader Offshore Partners LP — said that a March ruling by a New York appeals court barring UBS from bringing legal claims for activities occurring before February 2009 and the failure of...
Highland Affiliates Want Out Of UBS' $686M CDO Suit
To view the full article, take a free trial now.
