Lynn Tilton fought the law, and the law appears to be winning. Tilton’s Patriarch Partners XV LLC filed for involuntary Chapter 11 bankruptcy petitions Sunday against Zohar CBO 2003-1 Ltd, commonly referred to as Zohar-I, one of several investment vehicle the maverick Wall Street fund manager created to invest in distressed companies.
Bankruptcy protection will provide Tilton influence in restructuring
Tilton, who has described her battles with regulators over fraud charges as one of “good versus evil,” is engaged in another such battle, she says. This time...
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