Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees.

The New York-based law firm initiated a lawsuit in New York state court yesterday, listing what it said were unpaid invoices from June 2008 to this month.

“We believe Schulte Roth overbilled the firm and its funds for legal services,” Highland said in an e-mailed statement. “Highland has paid Schulte Roth nearly $1 million in good faith, and has made every effort to resolve this issue with them.”

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Tags: 1-million, amp, attorneys, bloomberg, capital-management, good faith, hedge fund, highland capital management lp, investment-firm, new-york-state, rsquo, schulte roth, unpaid invoices, zabel

Dallas Morning News – An Amarillo charitable foundation is suing Dallas-based Highland Capital Management LP to recover more than $1.8 million from a Highland hedge fund that was shut down in October after heavy losses.

The Mary E. Bivins Foundation, which focuses on helping the elderly, had asked to withdraw its investment from a fund called Highland Credit Strategies in March.

Highland agreed to return more than $1.9 million as of July 1 but said it would pay the money back over nine months, the foundation said in a lawsuit filed last month in Amarillo. It has given back only $80,000 so far, the lawsuit said.

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Tags: bivins, capital-management, charitable foundation, credit-strategies, dallas morning news, heavy losses, highland capital management lp, july-1, money, nine-months