Skip to content
Subscriber Only
Business

Highland Capital Sues Muirfield President for Defamation

  • Company says official made false statements in news report
  • Suit filed in New York state court seeks punitive damages
A pedestrian walks past a puddle reflecting the New York Stock Exchange.

A pedestrian walks past a puddle reflecting the New York Stock Exchange.

Photographer: Michael Nagle/Bloomberg
Updated on

Highland Capital Management LP, a Dallas-based investment fund, sued the president of a New York investment firm, alleging he defamed the company by knowingly making false statements that were included in a news report.

Highland Capital, founded by James Dondero and Mark Okada, sued Geoffrey Stern, of Muirfield Capital, based on comments published in October in an article in The Wall Street Journal. Stern said of Dondero and Highland Capital, "They just took our money," referring to Highland Capital secretly taking a roughly $30 million fee, according to a complaint filed in New York State Supreme Court on Monday.