RBC Can't Dodge Highland's $47M Suit Over Scrapped Deal

Law360, Dallas (January 31, 2013, 4:44 PM EST) -- A Texas state judge on Thursday denied a move by RBC Capital Markets LLC to throw out claims the firm is on the hook to Highland Capital Management LP for $46.7 million after backing out of a 2001 deal to sell distressed promissory notes at a discount.

Dallas County District Court Judge Ken Molberg also denied Highland’s attempt to foreclose RBC arguments that the case is time-barred and that Highland should have done more to mitigate its losses after the trade fizzled, issuing the rulings from...
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