Join AlphaMaven

The Home Of Hedge Funds

Register For Free Learn More Contact Us

Most Visited Alternative Investment Industry Website. Over 50,000 visitors per month

Hedge Fund Dashboard:

Click to subscribe to our Free Daily Newsletter

Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

Highland Capital Not Alone In Not Having To Pay Huge Judgments Against It
3yrs ago Hedge Fund dealbreaker Views: 358

Alas, the former hedge fund’s not going to like this one as much as the others.

As is true of many, from the president of the United States on down, who enjoy a good courtroom scrape, Highland Capital Management has won some and lost some. But the former hedge fund doesn’t sweat the latter, because it has an uncanny ability to avoid paying anything when it does lose. Unfortunately for James Dondero & co., two can play at that game, and its $351 million real-estate fraud payday from Credit Suisse just got a major trim by the Texas Supreme Court.

Credit Suisse Securities USA won’t have to pay a unit of hedge fund Highland Capital Management LP $287.5 million for a bungled land appraisal ahead of a 2007 Las Vegas real estate deal, but it can’t shake a jury’s $40 million fraud verdict, the Texas Supreme Court ruled Friday. The high court wiped out the $211 million in damages and $75 million in prejudgment interest awarded to highland subsidiary Claymore Holdings LLC after a Dallas County District Court bench trial, finding the award overcompensated Claymore for the fraudulent appraisal.

It must be so very annoying to be unable to collect when you’ve been ripped off.

Credit Suisse Wipes Out $288M Loss Over Flawed Appraisal [Law360]


Today's Hedge Fund Headlines:

Most popular| Most recent
FEATURED MEMBER POST
Andrea Alms Video:  Money In Motion 98 - Radiation Therapy Market
Private Equity BrookDell Partners #Video
Goldman Sachs on the largest selling of stocks by hedge funds in 3 months - short sales - TradingView
1w ago Hedge Fund tradingview
Skadden hires Linklaters London finance partner
1w ago Hedge Fund fnlondon
Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
Sign Up Now
FREE NEWSLETTER (140K+ Subscribers)
View Hedge Fund Listings
AlphaMaven Daily Indices
Apr MTD ROR
AlphaMaven Hedge Fund Index:
1.0%
- more -
SPONSORED BY
Be Seen - Advertise With Us
Click to Discuss
FEATURED MEMBER POSTS
Andrea Alms Video:  Money In Motion 98 - Radiation Therapy Market
- posted by: BrookDell Partners
Ridgedale Co-CIO Newsletter February 2024
- posted by: Ridgedale Advisors
Andrea Alms Video:  Money In Motion 101 - Deep Dive - Immunotherapy Cancer Market
- posted by: BrookDell Partners
Andrea Alms Video:  Money In Motion 99 - Immunology Market
- posted by: BrookDell Partners
Andrea Alms Video:  Money In Motion 97 - The Chemotherapy Market
- posted by: BrookDell Partners
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.