August 25, 2016
The U.S. Securities and Exchange Commission on Wednesday denied a request by Patriarch Partners CEO Lynn Tilton for a review of an administrative law judge's refusal to change hearing dates in an antifraud proceeding against her and her private equity firm.
August 23, 2016
The Second Circuit on Tuesday refused to rehear private equity magnate Lynn Tilton's challenge to the constitutionality of the U.S. Securities and Exchange Commission's administrative court proceedings.
July 25, 2016
Private equity magnate Lynn Tilton swapped one high-profile legal team for another in her bid to revive her challenge to the U.S. Securities and Exchange Commission's in-house court at the Second Circuit, filing a notice Monday that she has hired famed appellate lawyer Paul Clement after Gibson Dunn was booted from the case.
July 22, 2016
Gibson Dunn apparently missed a relationship with a Second Circuit judge when it agreed to represent private equity magnate Lynn Tilton, a slip experts said was likely an honest mistake but shows the difficulties of recognizing conflicts decades after a former partner has moved on but retains firm ties.
July 15, 2016
Gibson Dunn will not represent private equity magnate Lynn Tilton as she seeks to revive her challenge to the U.S. Securities and Exchange Commission's in-house court, the Second Circuit said just weeks after the firm took on the case.
June 29, 2016
The Second Circuit on Tuesday vacated an order halting the U.S. Securities and Exchange Commission's in-house suit against Lynn Tilton and her Patriarch Partners private equity firms, but gave her time to seek a stay from the U.S. Supreme Court as she presses forward with claims the SEC court is unconstitutional.
June 17, 2016
Private equity magnate Lynn Tilton bashed the U.S. Securities and Exchange Commission's request to immediately revive its $200 million in-house case against her, telling the Second Circuit that she still has time to seek review of the appellate court's decision allowing the administrative case to proceed.
June 01, 2016
The U.S. Securities and Exchange Commission can rest easy for a while after the Second Circuit found private equity magnate Lynn Tilton must face the agency's in-house court before challenging the tribunal's constitutionality, with experts saying it could be a long time before the U.S. Supreme Court ever gets to the merits of the issue.
June 01, 2016
A divided Second Circuit panel on Wednesday ruled private equity magnate Lynn Tilton can't challenge the constitutionality of the U.S. Securities and Exchange Commission's administrative court until the agency has wrapped up a $200 million fraud case against her and her Patriarch Partners firms.
December 24, 2015
It seems 2016 is shaping up to be the year when the stewing legal debate over the U.S. Securities and Exchange Commission's in-house court comes to a boil and when a new round of appellate court proceedings in the infamous Halliburton securities case could pave the way for another run at the U.S. Supreme Court. Here are the securities cases to watch in 2016.