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PE Adviser Tilton Lobs Latest Suit Over SEC In-House Courts

Law360, New York (April 1, 2015, 1:12 PM EDT) -- Private equity adviser Lynn Tilton on Wednesday became the latest respondent to a U.S. Securities and Exchange Commission enforcement action to challenge the constitutionality of its in-house court, when she sued the agency just two days after it accused her of defrauding investors in her distressed-debt funds.

Tilton’s complaint, filed in New York federal court seeking injunctive relief from the SEC’s administrative proceeding, mirrors other claims made against the agency in recent months over its choices to litigate claims within its administrative court rather than bring them to district court.

As in these other cases, Tilton and her Patriarch Partners investment...

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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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