{"id":10987,"date":"2009-07-09T00:00:00","date_gmt":"2009-07-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"investors-sue-highland-capital-after-funds-shut","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/investors-sue-highland-capital-after-funds-shut.html","title":{"rendered":"Investors sue Highland Capital after funds shut"},"content":{"rendered":"<p>Reuther &#8211; A group of wealthy clients who invested $50 million with two hedge funds felled by last year&#8217;s credit crisis are accusing Highland Capital Management&#8217;s partners of having lied about key facts.       <\/p>\n<p> LV Highland Credit Feeder Fund LLC, an investment vehicle managed by Long Vue Advisors in Boston, and several charitable foundations and wealthy individuals filed the lawsuit on Wednesday in a U.S. district court in Dallas.<\/p>\n<p> The group is charging that the Dallas-based hedge fund firm and its co-founders James Dondero and Mark Okada and three other partners were dishonest about other clients&#8217; requests to exit the funds at a time of increasing market turmoil.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/rbssFinancialServicesAndRealEstateNews\/idUSN0841810020090708?FORM=ZZNR10\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuther &#8211; A group of wealthy clients who invested $50 million with two hedge funds felled by last year&#8217;s credit crisis are accusing Highland Capital Management&#8217;s partners of having lied about key facts. LV Highland Credit Feeder Fund LLC, an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3910,100,1913,2993,1479,1434,3320,11148,11708,4666,13963,13966,13964,4567,13965,5597,290],"class_list":["post-10987","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-50-million","tag-boston","tag-capital-management","tag-charitable-foundations","tag-credit-crisis","tag-feeder","tag-founders","tag-hedge-fund","tag-hedge-funds","tag-investment-vehicle","tag-james-dondero","tag-key-facts","tag-mark-okada","tag-market-turmoil","tag-reuther","tag-wealthy-individuals","tag-wealthy-clients"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10987"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10987\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}