Zohar III, Corp.

  1. April 13, 2022

    Tilton Denied Stay For $1B Ch. 11 Claim Subordination Appeal

    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.

  2. April 06, 2022

    Del. Judge Sends Zohar Liquidation Plan To Creditors For Vote

    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.

  3. March 30, 2022

    Former Tilton-Run MD Helicopters Opens Del. Ch. 11 For Sale

    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.

  4. March 25, 2022

    Del. Judge Slams Door On Tilton Ch. 11 Subordination Suit

    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.

  5. March 23, 2022

    Tilton Accused Of Balk On Cleanup Of Ch. 11 Complaint

    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."

  6. March 21, 2022

    Zohar Funds Project Big Losses In Amended Del. Ch. 11 Docs

    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.

  7. March 03, 2022

    Creditors Blast Tilton Ch. 11 Suit To Subordinate Zohar Claims

    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.

  8. February 25, 2022

    Zohar Can Go Forward With Most Claims In Ch. 11

    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.

  9. February 22, 2022

    Tilton Claims Trimmed Amid Secrecy Disputes In Del. Ch. 11

    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.

  10. September 28, 2021

    Former Tilton-Led Helicopter Co. Faces $36.2M Fraud Verdict

    Efforts to sell a helicopter company long seen as a high-value holding of distressed debt investor Lynn Tilton's Patriarch Partners have hit serious turbulence in the form of a $36.2 million federal whistleblower suit award and potential treble damages against the company, MD Helicopters Inc.