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MATTER OF HIGHLAND CAPITAL MANAGEMENT, L.P.

No. 21-10449.

48 F.4th 419 (2022)

In the MATTER OF: HIGHLAND CAPITAL MANAGEMENT, L.P., Debtor, NexPoint Advisors, L.P.; Highland Capital Management Fund Advisors, L.P.; Highland Income Fund; NexPoint Strategic Opportunities Fund; Highland Global Allocation Fund; NexPoint Capital, Incorporated; James Dondero; The Dugaboy Investment Trust; Get Good Trust, Appellants, v. Highland Capital Management, L.P., Appellee.

United States Court of Appeals, Fifth Circuit.

FILED September 7, 2022.

Attorney(s) appearing for the Case

Davor Rukavina, Esq. , Julian Preston Vasek , Munsch Hardt Kopf & Harr, P.C., Dallas, TX, for Appellants NexPoint Advisors, L.P., Highland Capital Management Fund Advisors, L.P.

David R. Fine, Esq. , K & L Gates, L.L.P., Harrisburg, PA, A. Lee Hogewood , Emily K. Mather , K & L Gates, L.L.P., Raleigh, NC, for Appellants Highland Income Fund, NexPoint Strategic Opportunities Fund, Highland Global Allocation Fund, NexPoint Capital, Incorporated,

Davor Rukavina, Esq. , Munsch Hardt Kopf & Harr, P.C., Dallas, TX, for Appellant James Dondero.

Douglas Scott Draper, Esq. , Heller, Draper & Horn, L.L.C., New Orleans, LA, for Appellants The Dugaboy Investment Trust, Get Good Trust.

Melissa Sue Hayward, Esq. , Zachery Z. Annable, Esq. , Hayward, P.L.L.C., Dallas, TX, Jeffrey N. Pomerantz , Pachulski Stang Ziehl & Jones, L.L.P., Los Angeles, CA, Roy Theodore Englert, Jr. , Kramer Levin Naftalis & Frankel, L.L.P., Washington, DC, for Appellee.

George W. Hicks, Jr. , Kirkland & Ellis, L.L.P., Washington, DC, for Amicus Curiae.

Before Wiener, Graves, and Duncan, Circuit Judges.

ON PETITION FOR REHEARING

The petition for panel rehearing is GRANTED. We withdraw our previous opinion, reported at 2022 WL 3571094, and substitute the following:

Highland Capital Management, L.P., a Dallas-based investment firm, managed billion-dollar, publicly traded investment portfolios for...

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