Industry

Banking, Finance and Insurance

DSI'S Role

Chief Restructuring Officer

Services Provided

  • Asset Sale
  • Board Advisory
  • Business Plan Analysis
  • Business and Asset Valuation
  • Claims Analysis and Distribution
  • Collateral Monitoring
  • Consensual Restructurings
  • Crisis and Interim Management
  • D&O Liability
  • Debt Refinance
  • Debtor Advisory Services
  • Financial Restructuring
  • Forensic Accounting and Fraud Investigation
  • Litigation Support
  • Real Estate Management

HIGHLAND CAPITAL MANAGEMENT

Case Highlights

  • Advised the Independent Board with respect to maximization of value
  • Managed the bankruptcy reporting process for a complex structure
  • Managed the communication process with respect to creditor constituencies

Case Narrative

Highland Capital Management, LP (“HCMLP”) is an SEC-registered investment adviser on Highland Capital Management’s global alternative investment platform. HCMLP serves as the adviser to certain institutional funds and accounts. HCMLP commenced a voluntary reorganization process, filing a petition for relief under Chapter 11 of the U.S. Bankruptcy Code. HCMLP’s filing stems from a potential judgment against the entity related to a financial-crisis-era hedge fund formerly managed by HCMLP that has been in liquidation since 2011. Through the court-supervised process, HCMLP seeks to consolidate outstanding litigation, manage liquidity for the purpose of preserving value, and arrive at a reorganization plan in an efficient, orderly manner. A member of DSI is the Chief Restructuring Officer (“CRO”) of HCMLP and DSI has been retained as a financial advisor. DSI is managing the bankruptcy reporting process and is advising the Independent Directors with respect to the maximization of value for all stakeholders.