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Court Rules in Favor of United Development Funding IV; Grants Motion to Dismiss Lawsuit Brought by NexPoint Advisors, L.P.

Apr 29, 2021 - GlobeNewswire

GRAPEVINE, Texas, April 29, 2021 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV” or the “Trust”) announced today that District Judge David L. Evans of the 48 th Judicial District Court (the “Court”) ruled in favor of the Trust in the matter of NexPoint Advisors, L.P. (“NexPoint”) vs. United Development Funding IV, Et al.

On July 8, 2020 NexPoint sent a letter that was publicly filed with the Securities and Exchange Commission to UDF IV’s Board of Trustees ...