An arbitration panel found that fund management company Highland Capital Management used pretexts and false allegations of a sexual relationship with a coworker to fire a portfolio manager without paying millions of dollars it owed him. The finding is one of several legal reversals over the past several years for the Dallas-based firm, which has been fighting in court with former investors, former employees and trading partners since the financial crisis.

Source: Wall Street Journal November 26, 2017 12:56 UTC