Tilton Takes Zohar Funds Into Ch. 11 To Resolve Litigation

Law360 (March 12, 2018, 10:13 PM EDT) -- With battles over her distressed investment empire's control and debts raging in multiple courts, Lynn Tilton steered her Zohar funds into filing for bankruptcy on Sunday to remove a "cloud of litigation" and unlock value in the companies that comprise the funds' underlying portfolio.

Facing $2.4 billion in outstanding debt and a litany of litigation, the Zohar funds are in need of Chapter 11 protection to monetize assets and pay off stakeholders, according to Tilton, who owns the distressed investment funds through a collection of other...
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