Highland Capital disclosure statement hearing continued to Nov. 23

By Sarah Lizee

Olympia, Wash., Oct. 28 – Highland Capital Management, LP’s disclosure statement hearing has been continued to Nov. 23 from Oct. 27, according to a notice filed Wednesday with the U.S. Bankruptcy Court for the Northern District of Texas.

Objections are due by Nov. 19.

As previously reported, the Oct. 27 hearing was continued from Oct. 22. Highland Capital had filed an emergency motion to continue the initial hearing, citing the number of objections to the disclosure statement on or near the objection deadline.

“This motion is being filed not for the purposes of delay, but solely to facilitate the parties’ negotiation of certain issues related to the disclosure statement and the objections thereto,” Highland said.

As previously reported, the statement drew objections Oct. 20 from the official committee of unsecured creditors and creditor UBS Securities LLC.

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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