Law360, Wilmington (December 2, 2019, 9:12 PM EST) -- Highland Capital Management LP’s Chapter 11 case will be sent to a Texas court that is highly familiar with the hedge fund’s situation from handling a former Highland affiliate’s bankruptcy proceedings and ongoing litigation between the two entities, a Delaware bankruptcy judge said Monday.
During a hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi said he doesn’t necessarily agree with the deference given to a debtor’s choice of venue when filing for Chapter 11 and granted the venue transfer motion filed by the official committee of unsecured creditors because the focus of the case is in Dallas.
“I think here...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!