July 15, 2019
Three law firms are seeking more than $1.8 million in legal fees from an investment vehicle of bankrupt Patriarch Partners LLC founder Lynn Tilton, saying the money should have been paid two years ago but that one of Tilton's companies is blocking it.
June 26, 2019
A Delaware judge on Wednesday approved the sale of equity interest in one of the portfolio properties of Lynn Tilton's bankrupt investment vehicles, the Zohar funds, in a transaction expected to net between $72 million and $77 million for the funds' Chapter 11 bankruptcy estate.
April 01, 2019
Lynn Tilton's distressed investment vehicles the Zohar funds told a Delaware bankruptcy judge Monday that a fight over possession of $6 million in litigation claims shouldn't move forward on an accelerated timeline as they need an opportunity to investigate their potential ownership of the claims.
February 26, 2019
The retention of the collateral debt agent in the Chapter 11 case of distressed company investor the Zohar Funds received court approval Tuesday when a Delaware bankruptcy judge determined that the terms of a settlement reached months ago allow for the payment of the agent's fees despite objections from the funds' founder, Lynn Tilton, to the anticipated costs of the retention.
February 04, 2019
Creditors of the bankrupt Zohar funds accused collateralized loan and business turnaround mogul Lynn Tilton late Friday of conflicted efforts to dismantle or rework part of a broad settlement that headed off efforts to get the case dismissed last year.
November 01, 2018
Citing the case's extraordinary sensitivities, a Delaware bankruptcy judge on Thursday approved the withholding of all financial information regarding the Lynn Tilton-controlled portfolio companies now being "monetized" as part of a Chapter 11 for Tilton's Zohar funds.
October 30, 2018
Investment firms led by business turnaround mogul Lynn Tilton slammed cash management proposals Tuesday for the bankrupt, collateralized loan "Zohar" funds she once controlled, arguing that creditors and others are trying to dismantle a settlement in the Delaware Chapter 11 case.
September 19, 2018
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.
July 23, 2018
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.
April 23, 2018
The Zohar Funds told a Delaware bankruptcy judge Monday that they had reached terms with creditors and insurers to resolve a motion to dismiss the Chapter 11 cases of the debtors, eliminating the need for scheduled hearings on the matter.