Randi Love

1 day ago | news.bloombergtax.com | Randi Love

An investment firm controlled by the co-founder and former CEO of Highland Capital Management LLP is pushing the US Supreme court to allow a mandate related to longstanding litigation between the parties. Highland hasn’t shown a reasonable probability that the justices will accept a petition to review the US Court of Appeals for the Fifth Circuit’s order limiting a bankruptcy court’s authority to screen litigation, NexPoint Advisors LP said in a Thursday filing.

1 day ago | news.bloomberglaw.com | Randi Love

Alleged Highland harm isn’t irreparable, NexPoint Advisors saysHigh court granted bid to halt court order pending petitionAn investment firm controlled by the co-founder and former CEO of Highland Capital Management LLP is pushing the US Supreme court to allow a mandate related to longstanding litigation between the parties.

2 days ago | news.bloomberglaw.com | Randi Love

Feeder funds have been litigating with trustee since 2008Settlement, if approved, is a 100% recovery of LIF transfersA pair of investment funds tied up in litigation stemming from Bernie Madoff’s Ponzi scheme reached a $498 million settlement with the trustee liquidating his firm’s estate. The “recovery agreement” with Luxembourg Investment Fund and Luxembourg Investment Fund US Equity Plus represents 100% of the transfers the feeder funds received from Bernard L.

2 days ago | news.bloombergtax.com | Randi Love

A pair of investment funds tied up in litigation stemming from Bernie Madoff’s Ponzi scheme reached a $498 million settlement with the trustee liquidating his firm’s estate. The “recovery agreement” with Luxembourg Investment Fund and Luxembourg Investment Fund US Equity Plus represents 100% of the transfers the feeder funds received from Bernard L. Madoff Investment Securities, the trustee said in a Wednesday press release.

1 week ago | news.bloomberglaw.com | Randi Love

Highland Capital Management LP was granted a pause by the US Supreme Court of an appeals court decision that allowed the investment firm’s former CEO to pursue bankruptcy-related litigation against it. The firm, via an emergency request, sought to halt the ruling from the US Court of Appeals for the Fifth Circuit while it challenges the decision over whether a bankruptcy court has the gatekeeping authority to screen certain lawsuits. The mandate was scheduled to go into effect Friday.