Highland Chief's Wife Set To Sue Again

Dec 2 2013 | 8:03am ET

Highland Capital Management founder James Dondero's wife apparently won't let a jury verdict get between her and as much of his money as possible.

Rebecca Dondero plans to sue her husband again to seek more than the $5 million set in the couple's prenuptial agreement, the New York Post reports. The move follows a jury's ruling that both Donderos violated the prenup—and thus that it should remain in place.

Now, Becky Dondero plans to argue that under general contract law, she's still entitled to damages due to her husband's breaking of the deal. The jury verdict denying her those damages was under family law.

For his part, James Dondero is likely counter the new lawsuit with the same argument with which he countered the last: that Becky also broke the prenup.

"Ms. Dondero's demands over two years of negotiations varied between four and eight times the amounts stipulated in the prenuptial agreement and culminated in her filing 11 separate motions to invalidate the prenuptial agreement," James Dondero said.

The battle Dondero has been a nasty one, with Becky trotting out her husband's estranged former business partner, Patrick Daugherty, to testify that James asked him to lie and told him that he was hiding assets.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...