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Lanotte v. Highland Capital Management Fund Advisors LP et al
Case Number:
3:18-cv-02360
Court:
Nature of Suit:
Multi Party Litigation:
Class Action, Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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December 18, 2018
Highland Capital Says Mutual Fund Suit Meritless
Highland Capital Management Fund Advisors LLP asked a Texas federal court Monday to toss a proposed shareholder class action, saying a committee of trustees had conducted an investigation into claims that an energy-based mutual fund was improperly propped up and found no wrongdoing.
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September 06, 2018
Highland Hit With Derivative Suit Over Fund Share Purchases
The Highland Global Allocation Fund was hit with a derivative shareholder class action in Texas federal court Wednesday for allegedly breaching its fiduciary duty to investors by allowing its manager to buy shares in a different Highland mutual fund so that it could "save the failing fund from oblivion."