August 25, 2025
An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an asset transfer aimed at ducking a judgment in the plaintiff's favor.
January 30, 2023
An attorney for a litigation trust formed during the bankruptcy of distressed debt maven Lynn Tilton's Zohar funds urged a Delaware judge on Monday to dismiss Tilton's challenges to a nearly $600 million string of post-confirmation claims, arguing they would violate Chapter 11 plan terms and the Bankruptcy Code.
January 04, 2023
Distressed debt maven Lynn Tilton and her private equity firm urged a bankruptcy court on Wednesday to order the immediate sale of cosmetics company Stila Styles LLC, arguing at an evidentiary hearing in Wilmington, Delaware, that disputes over the company's sale had gone on long enough.
December 02, 2022
Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.
December 01, 2022
The CEO of Zohar portfolio company Stila Styles on Thursday asked a Delaware bankruptcy judge to close the courtroom for a hearing concerning the company's sale, saying any information on the sale or the company's finances is too confidential for the public.
October 24, 2022
A Delaware bankruptcy judge said the post-confirmation entities tasked with monetizing portfolio companies of the reorganized Zohar Funds should come to an agreement with Lynn Tilton affiliates on milestones governing the sale of cosmetics firm Stila Styles.
October 20, 2022
A cosmetics firm once controlled by distressed-company turnaround mogul Lynn Tilton has challenged as a misplaced collateral attack Tilton's bid for a Delaware bankruptcy court injunction putting tens of millions beyond the reach of Stila Styles' state court-appointed manager.
June 29, 2022
The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.
June 21, 2022
Remnants of the Zohar business turnaround empire once controlled by collateralized debt promoter Lynn Tilton secured a Delaware bankruptcy judge's Chapter 11 liquidation plan confirmation Tuesday, with multiple challenges and appeals already in the works.
May 17, 2022
A Delaware bankruptcy judge said Tuesday that an appeal of a ruling she issued earlier in the case of distressed debt investment vehicles should be resolved before she could adjudicate an administrative expense claim from entities associated with Lynn Tilton potentially worth $1 billion, as the contested order involves the expense claim's supporting assertions.