Highland Capital Management Sues Former Private Equity Chief for Breach of Employment and Buy-Sell Agreements

On April 11, 2012, Highland Capital Management, L.P. (Highland) sued its former Head of Private Equity Investing, Patrick Daugherty, in Texas state court for breach of contract, breach of fiduciary duties, tortious interference with its business relationships and defamation.  This article summarizes: the allegations; the specific provisions of the employment and related agreements alleged to have been breached; Highland’s causes of action; and the remedies requested in the Complaint.

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