Chancery Finds Tilton In Contempt Over $6.5M Insurance Deal
By Jeff Montgomery ( August 13, 2020, 7:24 PM EDT) -- Distressed debt mogul Lynn Tilton was ruled in civil contempt Thursday for ignoring a Chancery Court order requiring notice to bankrupt noteholder funds before she secured a $6.5 million payout from an insurer for legal fee expenses in a deal that also secured releases for the insurer from the claims of others covered by the insurer's policy....
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