Lynn Tilton Testimony Wraps In Chancery Trial

Law360, Wilmington (May 9, 2017, 9:40 PM EDT) -- Lynn Tilton of Patriarch Partners sparred a bit from the witness stand with her collateralized loan obligation businesses in the Delaware Chancery Court on Tuesday as her testimony wrapped in the case where the board composition of three associated companies is in dispute.

As Tilton was being cross-examined by an attorney for the so-called Zohar funds — CLO businesses once managed by Tilton now under the helm of Alvarez & Marsal LLC — her testimony continued to expose fundamental differences in the sides' positions over how her business empire is organized and what effect that has on her assertion that she...

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