Highland Capital Management LP’s 2011 lawsuit claiming a UBS AG's securities unit punished it by interfering with its loan in Lyondell Chemical Co.'s bankruptcy was dismissed, Bloomberg News reported yesterday. Bankruptcy Judge Robert Gerber granted UBS's motion to dismiss the complaint in bankruptcy court yesterday, and Highland will get nothing, according to a court order. Highland had alleged that UBS failed to allocate a $150 million loan Highland pledged to fund Lyondell's exit from bankruptcy, claiming "tortious interference" with its contract. "There was no contract with Highland as a party with which UBS tortiously interfered," Judge Gerber said in his ruling.
