Many Zohar Claims Get 2nd Chance In Tilton Ch. 11 Suit
By Jeff Montgomery (June 18, 2021, 9:13 PM EDT) -- A Delaware bankruptcy judge dismissed a string of claims Friday in a 15-month-old Chapter 11 battle between interests of distressed-debt mogul Lynn Tilton and bankrupt Zohar Funds holding more than $1.4 billion in Tilton venture-related debt, but allowed repleading for a majority of those tossed.
Judge Karen B. Owens' 63-page ruling drilled into each of the 33 counts in the complaint, filed in March of 2020 and kept under seal until March of this year, when a 1,288-page, redacted version was made public.
Specific details of the financial stakes remain murky because of the redactions and the courtroom closings that have...
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