Highland Says Looper Reed Tried To Extort $2M In Pay Fight

Law360, New York (November 12, 2013, 11:13 AM EST) -- Highland Capital Management LP filed suit Friday in Texas state court against Looper Reed & McGraw PC, the firm representing Highland’s former private equity head in a compensation fight with the hedge fund, claiming it tried to extort $2 million for its client by refusing to return confidential information.

Looper Reed represents Patrick Daugherty, who led Highland’s private equity and distressed investments group division until 2011, and who has been locked in a bitter fight with Highland for nearly two years over his departure from the...
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