Highland receives further extension of exclusive plan-filing period

By Sarah Lizee

Olympia, Wash., Sept. 24 – Highland Capital Management, LP obtained a 30-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.

Specifically, Highland’s exclusive plan-filing period was extended through Sept. 11 from Aug. 12 and the solicitation period through Nov. 12 from Oct. 13.

According to the motion, Highland sought the extension in order to devote more time and resources to the court-ordered mediation between the debtor, the creditors’ committee, UBS Securities, Acis Capital Management, LP and Highland’s co-founder.

HCMLP is a Securities and Exchange Commission-registered investment adviser on Dallas-based Highland Capital Management’s global alternative investment platform. The company filed bankruptcy on Oct. 16, 2019 in the U.S. Bankruptcy Court for the District of Delaware. The case was later transferred to the Texas court under Chapter 11 case number 19-34054.

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