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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.