Ex-Highland PE Head Seeks $20M In Defamation Damages

Law360, Dallas (February 4, 2014, 8:47 PM EST) -- Highland Capital Management LP’s former private equity head on Tuesday asked a Texas jury for a total of more than $20 million in past compensation and damages for an alleged attack on his work ethic, while the firm argued it’s owed millions of dollars for damage to its own reputation.

Patrick Daugherty, who formerly led Highland’s private equity and distressed assets teams before resigning in 2011, said in closing arguments he’s been unable to find work with other hedge funds and hasn’t been able to line...
To view the full article, register now.