Hedge Fund Employee Who Claims He Was Fired For Getting In Way Of Boss's Plans To Use Investor Funds On South American Condom Factory Will Get His Day In Arbitration

Joshua Terry, come on down.
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By inga (Components for safer sex kitUploaded by Fæ) [CC BY 2.0], via Wikimedia Commons

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Remember Joshua Terry? Ex-Highland Capital portfolio manager about yea high? (We have no idea how tall he is.) Was fired by the firm (and subsequently sued) for allegedly self-dealing, having sexual relations with an underling, and talking smack about Highland executives? Who claims the real reason he was fired was that he raised questions about Highland president James Dondero's alleged plan to "use money due to outside investors...to buy a South American company that he intended to convert into a condom manufacturer" and also about Dondero's alleged use of the term "jackasses" to describe said investors? A judge has said an arbitrator should hear Terry's side of the story.

A state court judge in Dallas on Thursday granted Terry’s request to send the dispute to arbitration. The judge said it made sense to have Terry’s claims considered first by an arbitrator. Highland asked the judge to order Terry not to disclose confidential information, including recordings of the conversations [that Terry secretly recorded his colleagues and investors], and to force Terry’s lawyers to quit because their case benefited from access to the recordings. The judge said the issue of Terry’s lawyers would be up to the arbitrator to decide...Terry’s lawyer, Rogge Dunn, said he and his client were “very pleased with the judge’s ruling.”

Fired Manager Can Challenge Highland Capital in Arbitration [Bloomberg]

Earlier: This Hedge Fund vs. Ex-Employee Lawsuit HAS EVERYTHING

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