21-07-2025
- Business
- Wall Street Journal
Texas Attorney General Asks to Pause Highland Bankruptcy for Charity Probe
The Texas attorney general is looking into a nonprofit foundation linked to bankrupt investment manager Highland Capital Management following a dispute over roughly $270 million in charitable assets involving former Highland Chief Executive James Dondero.
Texas Attorney General Ken Paxton last week sought to pause proceedings in Highland's chapter 11 case as he investigates people and organizations involved in the case, court records show. Paxton is looking into the operations of Charitable DAF Holdings Corp., a U.S. affiliate of a Cayman Islands company set up in 2011 by Dondero to support several nonprofits, according to documents reviewed by The Wall Street Journal and people familiar with the matter.
