New York (HedgeCo.Net) – Dallas-based hedge fund manager Highland Capital Management LP won a court ruling against some of it’s investors who believed they were misled regarding the health of two of it’s hedge funds.
Investors alleged that as a result of Highland’s misleading representations, their nearly $50 million total position will be worth a fraction of this amount once the funds’ assets are liquidated.
Last week a Dallas judge dismissed the charges, saying: “Having reviewed the evidence submitted by the parties and after conducting a hearing on the matter, the court is of the opinion that defendants’ motion should be granted.”
In October 2011 a lawsuit from the Houston Municipal Employees Pension System against Highland was also dismissed.
Highland Capital is headquartered in Dallas, Texas and maintains offices in New York, London, Singapore, and Seoul.
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