Highland Beats Investor Claims Over Leveraged Hedge Fund

Law360, Dallas (May 24, 2013, 6:07 PM EDT) -- A Texas state judge held Highland Capital Management LP isn’t liable to investors for allegedly failing to disclose the risks involved in one of its highly leveraged hedge funds after the firm argued the investors couldn’t prove they relied on Highland’s statements, in an order released Friday.

Dallas County District Judge Dale Tillery rendered a take-nothing judgment against the group of investors — six individuals and family trusts, including the former chief financial officer of The Goldman Sachs Group LP, and a feeder fund representing more...
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