![]() ![]() But the 2008 financial crisis led to years of lawsuits and a charge from the Federal Trade Commission, for which he was forced to pay $250,000. The company started promisingly, at one point reportedly managing about $39 billion, making it one of the biggest credit giants in Dallas. Morgan and American Express before co-founding a credit-focused investment company, Highland Capital Management LP, in 1993. The 6-foot-4-inch New Jersey native worked at J.P. If Jernigan had to find a financial tycoon with a litigious past on which to base one of her second novel’s antagonists, James Dondero would certainly fit the bill. “Would that influence the way that they deal with their case?” “And the issue is that they're looking to their cases as a source of financial gain.” “If fictionalizing their cases, then I think maybe there's a deeper issue,” Kenneth David, a law and ethics professor at Fordham University Gabelli School of Business, told The Daily Beast. (The first novel, which does not mention Dondero’s alleged literary Doppelganger, still describes “high-flying hedge fund managers” as people who “suck up money like an i-robot vacuum,” and show “outrageous amounts of hubris.”)īut Jernigan has refused to step down from the case, setting up a legal battle over just how much art is allowed to imitate life-at least inside a courtroom. ![]() He has now filed four motions to boot her from the case, arguing that she is too biased to oversee the proceedings fairly. James Dondero, a litigious hedge fund manager involved in bankruptcy proceedings in Jernigan’s court, believes he is the inspiration for one of the villains in Jernigan’s second novel, Hedging Death.
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