RBC Again Loses Bid To Ax Highland's $28M Award

Law360, Dallas (June 25, 2013, 9:41 PM EDT) -- A Texas state judge held a Royal Bank of Canada unit isn’t entitled to a new trial or a judgment that disregards a jury’s award of about $21.5 million in damages after it failed to close a distressed debt trade with Highland Capital Management LP, according to an order released Monday.

Dallas County District Judge Ken Molberg denied RBC Capital Markets LLC’s motions without explanation in an order signed Saturday, after the bank argued at a June 11 hearing the jury’s award was based on a flawed...
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