As Investors File Lawsuit, Lynn Tilton And Patriarch Fire BackMark Melin
After a lawsuit Monday filed by investors against Patriarch Partners claimed the “vast majority of the information” the firms received was “false and misleading,” Lynn Tilton’s fund is firing back.
Lynn Tilton's Patriarch Partners: lawsuit is "baseless" and "piggybacks on the SEC’s meritless allegations"
Two investors in Lynn Tilton's Zohar funds, Hannover Funding LLC and Norddeutsche Landesbank Girozentrale, are asking the state Supreme Court in Manhattan for at least $44 million in damages claiming Tilton overcharged fees collected on $2.5 billion in collateralized loan obligations, known as CLOs. The lawsuit comes on top of
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