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Zohar, Tilton Go Back To Mediation Over Del. Ch. 11 Cash

Law360 (July 23, 2018, 6:40 PM EDT) -- Investors in the distressed-debt Zohar funds told a Delaware bankruptcy judge on Monday the group is headed back to bankruptcy court mediation with interests of founder Lynn Tilton over cash use and collateral, two months after mediation produced a purported global settlement.

Michael R. Nestor of Young Conaway Stargatt & Taylor LLP, counsel to Zohar III Corp., told Judge Christopher S. Sontchi that Tilton’s Patriarch Partners LLC submitted “numerous” objections to a proposed cash collateral order, along with a request to have Judge Kevin Gross mediate...
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