Highland Capital Management Files for Chapter 11 Bankruptcy

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dealmaker

Highland Capital Management Files for Chapter 11 Bankruptcy: Court Filing (Reuters)
(Reuters) – Investment firm Highland Capital Management LP filed for Chapter 11 bankruptcy protection, amidst a legal battle with investors, a court filing showed. In a petition, the fund manager listed investors in its shuttered Highland Crusader Fund as its largest creditor. The hedge fund closed in 2008, during the financial crisis. Highland owes a disputed $189.3 million in debt to a committee of Crusader Fund investors, according to the petition.
 
When you get that high, i guess you loose an option, to go for a ,,nobody wins'' scenario, like, there was a story about a man, who had to pay half of the profits from the house sale , to his ex wife, so he sold it for $5.
 
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