Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ca5-24-10267/USCOURTS-ca5-24-10267-0/pdf.json

Parties Involved:
Highland Capital Management Fund Advisors, L.P.
Appellant
Highland Capital Management, L.P.
Appellee
NexPoint Advisors, L.P.
Appellant

Document Text:

United States Court of Appeals

for the Fifth Circuit ____________

No. 24-10267

____________

In the Matter of Highland Capital Management, L.P.

Debtor.

NexPoint Advisors, L.P.; 

Highland Capital Management Fund Advisors, L.P., 

Appellants,

versus

Highland Capital Management, L.P., 

Appellee.

______________________________

Appeal from the United States District Court 

for the Northern District of Texas

USDC No. 3:22-CV-2170

______________________________

Before Smith, Stewart, and Duncan, Circuit Judges.

Per Curiam:*

This appeal arises from the bankruptcy of Highland Capital Management, L.P. (“Highland”), an investment management firm. Before its bank-

_____________________

* This opinion is not designated for publication. See 5th Cir. R. 47.5.

United States Court of Appeals

Fifth Circuit

FILED

December 5, 2024

Lyle W. Cayce

Clerk

Case: 24-10267 Document: 74-1 Page: 1 Date Filed: 12/05/2024
No. 24-10267

2

ruptcy, the Highland complex included myriad sister firms. The appeal concerns a contract dispute between Highland and two of those firms, NexPoint 

Advisors, L.P., and Highland Capital Management Fund Advisors, L.P. 

(“the Advisors”). The Advisors, like Highland, are in the business of managing funds and providing investment advisory services.

The Advisors outsourced much of their back, middle, and front-office 

work to Highland through a series of contracts. The Advisors claimed that 

they overpaid on those contracts and that Highland breached. Highland, in 

turn, alleged that the Advisors breached by failing to make payments due 

under the contracts. The bankruptcy court ruled in favor of Highland, and 

the district court affirmed. The Advisors appeal. 

We have reviewed the briefs, the record, the applicable law, and the 

oral arguments of counsel. Essentially for the reasons given by the bankruptcy and district courts, there is no reversible error. The judgment of the 

district court is AFFIRMED.

Case: 24-10267 Document: 74-1 Page: 2 Date Filed: 12/05/2024