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And the Hits Keep Coming For Highland Capital

Posted on October 17th, 2008 4:20pm by Dave Moore
Filed under Business, Law

You’ve probably already read that Dallas-based hedge fund giant Highland Capital Management has had to wind down two of its funds because of market volatility in recent weeks. Now it appears that the hedge fund group and NexBank Securities, which is owned by many of the same people who own Highland Capital, face a March trial for a lawsuit alleging breach of contract and fraud and conspiracy, among other things. The November issue of D CEO includes a story spelling out some of the overlap between NexBank and Highland Capital, which on June 30 was valued at $38 billion. While the estimated $2.3 million sought by former employees from Highland Capital/NexBank Securities pales in comparison to Highland Capital’s assets, in times like these, every penny counts.

2 Comments to “And the Hits Keep Coming For Highland Capital”

Grumpy @ October 19th, 2008 at 11:36 am

Dear D, what is the point in posting this? To elicit commentary? Sympathy? REALLY..I know this is a privately owned blog, but what is the purpose of having this be interactive if every post is removed. The original posts 1 and 2 were harmless, unless the editors own a decoder ring that says otherwise. I’ve posted a fair amount here, and admire Wick and company. That said, I find the censorship on this post to be confounding. Did the wonderful, charitable, and animal loving folks at Highland threaten litigation? Suspension of advertisement of the rare, timely, and elegant $15mm spec home? Kindly note I did not complain about the removal of my post, which was post 3, and the facts of which I stand behind.
KRM @ October 19th, 2008 at 4:45 pm

No kidding, Grumpy. Big brother, or brother Wick, is generous with his comment deleting authority. Unlike Obama’s scalpel on the budget, brother Wick chooses to use a hatchet and scalpel, like McCain. Why even waste the effort to post comments? Although, the entertainment value of the comments is really the only reason to read the blog. So, is this a case of cutting off the nose to spite the face?