Tilton, Patriarch Place Zohar-I Fund In Bankruptcy, Fight "Scheme"Mark Melin
Lynn Tilton fought the law, and the law appears to be winning. Tilton’s Patriarch Partners XV LLC filed for involuntary Chapter 11 bankruptcy petitions Sunday against Zohar CBO 2003-1 Ltd, commonly referred to as Zohar-I, one of several investment vehicle the maverick Wall Street fund manager created to invest in distressed companies.
Bankruptcy protection will provide Tilton influence in restructuring . . .
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