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SEC Gives Up The Ghost On Lynn Tilton Enforcement Case

Law360, New York (November 29, 2017, 10:13 PM EST) -- The U.S. Securities and Exchange Commission's landmark case against investment manager Lynn Tilton came to a quiet end on Tuesday, when the agency finalized a decision by an in-house judge dismissing fraud claims against the so-called diva of distressed.

In a brief order, the commission, through its general counsel’s office, said time had expired for petitions to review Administrative Law Judge Carol Fox Foelak’s Sept. 27 decision to dismiss all claims against Tilton and Patriarch Partners LLC, whom the SEC had accused of defrauding investors in...
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