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ADVERTISEMENT Highland Capital Accused Of Undervaluing Steel Maker Law360 (May 24, 2021, 9:02 PM EDT) A Highland Capital Management LP shareholder has accused the bankrupt Dallas-based investment firm in Texas federal court of selling a steel products manufacturer for $10 million below the company s value in order to pay off the firm s own creditors. PCMG Trading Partners XXIII LP alleged in a Northern District of Texas lawsuit filed Friday that Highland Capital and its then-acting CEO and chief restructuring officer, Jim Seery, orchestrated a clandestine sale of Fort Worth steel products manufacturer Structural & Steel Products Inc. to a private equity group for $50 million in November, at least $10 million below the company s value. . ....
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