Highland Capital Creditors Seek Ch. 11 Transfer To Texas

Law360 (November 4, 2019, 4:15 PM EST) -- The official committee of unsecured creditors of hedge fund Highland Capital Management LP asked a Delaware judge late Friday to transfer the fund’s bankruptcy case to Texas, where the Chapter 11 proceedings of two former affiliates are being administered.

In its motion, the committee said Highland Capital's only American property — its headquarters housing its management and key employees — is located in Dallas, less than two miles away from the local bankruptcy court, where the Chapter 11 cases of former affiliates ACIS Capital Management LP and ACIS Capital Management GP LP are pending.

According to the motion, a substantial number...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!