Highland, Barclays Derivatives Battle Lives On

Law360, New York (March 28, 2012, 4:09 PM EDT) -- Hedge fund manager Highland Capital Management LP must face allegations that it blocked Barclays Bank PLC's attempts to cash in a complex derivative transaction during the financial turmoil of 2008, a New York state judge ruled Tuesday.

Judge Shirley Werner Kornreich refused to toss out allegations that Highland and its affiliated funds breached their contracts with Barclays when they refused to redeem the British bank's derivative transactions during the financial turmoil of the fall of 2008 and pay it the hundreds of millions of dollars it...
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