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Chancery Freezes Highland Capital Cases Until Ch. 11 Done
Law360 (March 10, 2021, 8:52 PM EST) A Delaware Chancery Court judge stayed a pair of fraudulent transfer cases in her court Wednesday, saying the Texas Chapter 11 case of investment firm Highland Capital Management needs to be resolved before damages in Delaware can be properly addressed.
During a hearing conducted via telephone conference, Vice Chancellor Morgan T. Zurn said plaintiff Patrick Daugherty had signed on to a settlement with the bankruptcy investment firm in Texas and will be receiving millions of dollars in recoveries once that case is finalized and the Chapter 11 plan goes into effect.