Tilton Asks To Keep Zohar Portfolio Financials Private
Law360 (September 19, 2018, 8:28 PM EDT) -- Patriarch Partners LLC founder Lynn Tilton sought a protective order in the Chapter 11 cases of the Zohar Funds in Delaware bankruptcy court Wednesday, asking to keep private the financial information of companies owned by the funds to preserve the value of the portfolio companies in the event of a sale by Zohar.
In the motion, Tilton said the Zohar Funds own equity in 25 operating companies as part of their investment portfolio and that equity is the only source of value for creditors in the funds’ bankruptcy cases.
Tilton, who serves as the manager or CEO of many of the...
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