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.
Dondero trying to pull the same trick on his investors as he did on his wife? “Nope, no money here”. https://nypost.com/2013/10/23/hedge-fund-mogul-in-nasty-divorce-battle-with-ex/
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.