Emergency application
Bankruptcy court authority
Highland Capital Management, L.P. v. NexPoint Advisors, L.P.
What did the Court do?
The Court denied the request on June 9, 2025: the lower court's ruling stays in effect while the appeal continues.
Emergency rulings are temporary and do not decide the underlying case.
What's being asked
Highland Capital Management is a company reorganized through bankruptcy. It asks the Supreme Court to temporarily pause (stay) the Fifth Circuit's judgment and mandate while it prepares a petition for Supreme Court review. The mandate is the step that puts the Fifth Circuit's judgment into effect. The underlying dispute concerns a bankruptcy court order confirming Highland Capital's reorganization plan, which NexPoint Advisors and NexPoint Asset Management appealed.
What the Court did
The Supreme Court refused Highland Capital's request for a temporary pause (denied the application). It wiped out (vacated) the pause Justice Alito had ordered on May 29. The Court did not decide who wins the underlying dispute, and it did not publish how the justices voted.
What it means
The Fifth Circuit's March 18 judgment is no longer held back by the temporary pause. This ruling on temporary relief does not decide who wins the bankruptcy-plan dispute. The docket lists no related Supreme Court case, and no argument date was set for this application.
Sources
Facts on this page come from the Supreme Court docket, orders, and opinions for No. 24A1154. The answers restate that record in plain words; explainer copy is written from the record and the filings only.