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Dallas, June 28, 2021 (Global News Agency)-Highland Income Fund (NYSE stock code:Hydrofluoric acid) (“HFRO”), a closed investment company managed by Highland Capital Management Fund Advisors, LP (“Consultants”), announced the targeting of Credit Suisse Co., Ltd. Cayman Islands branch and Credit Suisse Securities (USA), LLC ( “Credit Suisse”).
The 134th District Court (“Court”) today issued a judgment against Credit Suisse and awarded Claymore Holdings LLC (“Claymore”) US$121 million, an entity established to file a collective claim on behalf of HFRO and the NexPoint Strategic Opportunity Fund (New York Stock exchange:NHF) (“NHF”) (collectively referred to as “funds”).
The court made today’s remand judgment-this is the result of the Texas Supreme Court’s April 2020 ruling, which upholds the previous ruling on Credit Suisse’s fraud, but sends the case back to the court of first instance to import new Damage awards.
Credit Suisse has 30 days to appeal the judgment, and they are expected to do so. The matter will then be submitted to the Dallas Court of Appeals, and Claymore won the final round of appeal against Credit Suisse.
Today’s total compensation is $121 million, including damages and pre-judgment interest. The award…
The full story on Benzinga.com
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