5th Circ. Skeptical Of Gatekeeper Clause In Highland Ch. 11

By Emily Lever (February 8, 2024, 10:19 PM EST) -- A Fifth Circuit panel on Thursday appeared to balk at a provision in financially troubled investment firm Highland Capital Management LP's reorganization plan that requires court approval for parties to bring claims against the estate, suggesting the measure was an unnecessarily blunt instrument to prevent frivolous litigation....

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