Highland Fights For Dismissal In Ex-Marcal CEO's Suit

Law360, New York (July 13, 2012, 6:37 PM EDT) -- Marcal Paper Mills Inc.'s former CEO, who is suing the paper products maker in New Jersey for about $2.4 million, cannot also sue onetime owner Highland Capital Management LP for breach of contract under his employment agreement, an lawyer for the hedge fund manager argued Friday.

During a hearing before Judge Charles E. Powers Jr. in Bergen County Superior Court, attorney Randi W. Kochman of Cole Schotz Meisel Forman & Leonard PA argued that the contract clearly states that Tim Spring's only remedy for alleged breach...
To view the full article, register now.