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Tilton Balks At $500K White & Case Role In Zohar Ch. 11

Law360 (June 12, 2018, 1:59 PM EDT) -- Financier Lynn Tilton and her investment firm Patriarch Partners LLC objected Monday to the appointment of White & Case LLP under a $500,000 retainer as counsel to an independent director assigned to the Delaware Chapter 11 cases of her Zohar funds.

Tilton said the proposed retainer is not justified because the debtors’ counsel, Young Conaway Stargatt & Taylor LLP, can handle the “material tasks” of the Chapter 11 cases as well as the monetization of the funds’ assets as outlined in a settlement reached last month....
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