Highland's $2.8M Attys' Fees Award On Chopping Block

Law360, Dallas (March 21, 2014, 7:47 PM EDT) -- A Texas judge on Friday said he’s considering reversing a jury’s $2.8 million attorneys' fee award to Highland Capital Management LP in a contract breach suit, and encouraged the hedge fund to reach a settlement with its former private equity chief before final judgment is entered.

Dallas County District Judge Martin Hoffman said he anticipates entering a judgment that follows the jury’s findings — including an award of $2.6 million in back compensation for Highland’s former No. 3 executive, Patrick Daugherty — on all but one...
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