The Amarillo Globe-News reports that the Mary E. Bivins Foundation is suing the Highland Credit Strategies Fund and Dallas-based Highland Capital Management to reclaim the nearly $2 million it invested in the fund three years ago. Back then, the fund’s shares were worth about $20 each, the suit alleges. A quick check this morning indicates its shares are worth $5.71 each. What exactly does the Amarillo-based foundation do? It funds nursing homes. Arg.
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