James Dondero's No-Holds-Barred Highland Embraced Bankruptcy
- Debt behemoth sought Chapter 11 after hedge fund dispute
- Creditors include Redeemer Committee, former employees, UBS
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James Dondero doesn’t back down.
That’s what helped him build Highland Capital Management into a credit giant that at one point oversaw $40 billion. But it has also embroiled the business in numerous lawsuits and the firm has dwindled to a quarter of that size.