January 08, 2020
The court-appointed director of the Zohar Funds is asking a Delaware bankruptcy judge to reject asset sale procedures proposed by Zohar founder Lynn Tilton, saying her sale timeline "seems precisely backwards."
January 03, 2020
A heavily contested hearing scheduled to deal with sale process issues in the Chapter 11 case of The Zohar Funds will not go forward Jan. 10 after a Delaware judge agreed with the debtor Friday that more time is needed to complete discovery related to the motions.
December 11, 2019
A Delaware bankruptcy judge branded as potentially alarming on Wednesday sealed, unspecified allegations regarding "harmful" actions by Lynn Tilton while the Zohar funds she once led pursue Chapter 11 asset sales, saying the claims might prompt an overhaul of the process and a fresh look at who controls the portfolio companies.
November 01, 2019
Bankrupt car part maker Dura Automotive Systems LLC on Friday agreed to move its Chapter 11 case from Tennessee to Delaware, acquiescing to the request of the Zohar Funds, which is seeking to streamline efforts to monetize its holdings in other portfolio companies.
October 25, 2019
Distressed company investment vehicles the Zohar Funds' founder Lynn Tilton on Friday continued to challenge aspects of the funds' Delaware Chapter 11, this time objecting to a proposal that would increase the role Ankura Trust Company LLC has overseeing the bankruptcy.
October 23, 2019
After a Tennessee bankruptcy judge raised serious concerns Wednesday about investment manager Lynn Tilton wearing "all hats" in automotive parts maker DURA Automotive Systems LLC's Chapter 11, a proposed late-hour deal was struck Wednesday to remove Tilton-affiliated entities as post-petition lender.
October 21, 2019
A Delaware bankruptcy judge said Monday that some aspects of a bankruptcy loan proposed for Lynn Tilton-controlled DURA Automotive Systems LLC were "troubling" amid growing pressure from a major creditor to move DURA's Chapter 11 from Tennessee to Delaware, where the company's largest creditors and major affiliates are themselves in bankruptcy.
September 27, 2019
A Delaware bankruptcy judge told the Zohar Funds and their founder, Lynn Tilton, Friday that a joint process to monetize the debtors' portfolio companies must continue even though a stay of litigation surrounding the ownership of the assets has expired.
September 24, 2019
Bankrupt distressed corporation investment vehicles the Zohar Funds told a Delaware judge Tuesday that a deal they struck with company founder Lynn Tilton to sell off the debtor's holdings in portfolio companies should continue despite her efforts to end the agreement.
September 16, 2019
Patriarch Partners LP and its founder told a Delaware bankruptcy court judge late Friday that they can't be forced to continue efforts to monetize the assets of debtors the Zohar funds beyond the 15-month window to which all parties agreed and which is set to expire this month.