Zohar Funds Want Tilton Suit Sent To Del. Bankruptcy Court

Law360 (November 8, 2019, 3:42 PM EST) -- Company investment vehicles the Zohar Funds are urging a federal court to send litigation with founder Lynn Tilton over ownership of the funds’ portfolio companies to Delaware bankruptcy court, asserting the First State has jurisdiction over the dispute because it impacts Zohar’s Chapter 11 there.

In a court filing Thursday, Zohar argued that the dispute with Tilton over ownership of equity in various portfolio companies does not belong in the Southern District of New York — where it has sat since 2017 — because it deals with how bankruptcy estate assets will be liquidated.

The dispute “is no longer a determination”...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!