May 16, 2022
Stakeholders in turnaround mogul Lynn Tilton's Patriarch Partners are asking a Delaware bankruptcy judge to reject the Chapter 11 plan proposed by the Zohar III funds, saying it attempts to put the funds' last assets out of reach of their $1 billion in equitable claims.
April 13, 2022
Distressed debt entrepreneur Lynn Tilton lost a bid Wednesday for a stay of a Delaware bankruptcy judge's ruling that dismissed a suit to put nearly $1 billion of Tilton's claims ahead of other creditors in the long-running Zohar III funds Chapter 11 in Delaware.
April 06, 2022
The Zohar funds Wednesday got the go-ahead from a Delaware bankruptcy judge to send their Chapter 11 liquidation plan to their creditors for a vote, with updates to deal with the pending sale of MD Helicopters Inc., one of the last companies remaining in their portfolio.
March 30, 2022
A global helicopter supplier once controlled by distressed debt mogul Lynn Tilton's Patriarch Partners landed in a Delaware Chapter 11 Wednesday carrying a bidder-to-beat purchase agreement led by a group that includes two creditors of the bankrupt, formerly Tilton-tied Zohar funds.
March 25, 2022
A Delaware bankruptcy judge rejected without leave to amend on Friday distressed debt entrepreneur Lynn Tilton's long battle to subordinate claims of insurers, noteholders and others to her own interests in the ongoing "Zohar Funds" Chapter 11.
March 23, 2022
An attorney for an insurer hard-hit by the bankruptcy of Lynn Tilton's distressed-debt empire told a Delaware judge Wednesday that Tilton's response to a recent court order to jettison from a complaint references to claims that breached mediation confidentiality protection "is kind of borderline defiance."
March 21, 2022
Citing disappointing results from recent asset sales and bleak prospects ahead, Zohar III Corp. and its affiliates filed an amended Chapter 11 liquidation plan and disclosure statement in Delaware bankruptcy court on Monday, projecting recoveries only for senior-most creditors holding some $1.2 billion in claims.
March 03, 2022
MBIA Insurance Corp. told a Delaware bankruptcy judge Thursday that business turnaround architect Lynn Tilton failed to show MBIA did anything wrong in its multiyear effort to recover hundreds of millions paid out in the wake of the breakdown of the distressed-debt empire built by Tilton, creator of the so-called Zohar funds.
February 25, 2022
A Delaware bankruptcy judge Friday allowed the Zohar Funds to go forward with most of their adversary action against distressed-debt mogul Lynn Tilton, saying Zohar's claims of contractual and fiduciary duty breaches passed the plausibility test.
February 22, 2022
A Delaware bankruptcy judge pruned on Tuesday a reported $873 million in claims filed by interests of distressed debt mogul Lynn Tilton's "Patriarch" entities against bankrupt Zohar funds and related parties, citing potential violations of mediation confidentiality rules.