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Lynn Tilton Not Taking SEC Charges Lying Down

The Matriarch of Patriarch told the SEC to go f*ck itself-- via lawsuit-- today.
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Earlier this week, the Securities and Exchange Commission accused Lynn Tilton and her firm, Patriarch Partners, of lying to investors about the value of underlying loans in three CLOs. Though it's not yet clear what, if any, kind of punishment could be handed down, we offered a variety of alternatives to financial penalties and prison time, should it come to that. Designed to serve as a true deterrent, they struck at that which Tilton loves and included: banning her from doing Jello shots and covering herself in whipped cream for a period of 3-5 years; prohibiting her from "stripping and flipping men"; seizing her whip, handcuff, and dagger collection, and selling them at a government auction; not letting her pose for photos on the hoods of luxury vehicles (domestic cars produced before 2000 okay); banning the distribution of Christmas cards.

But apparently, Tilton has no intention of letting this get that far. Today she filed suit against the SEC, wherein she accused the regulator of violating the Constitution.

The 55-year-old financier claims in her suit filed in Manhattan federal court on Wednesday that the regulator is depriving her of her day in court. Instead, the SEC is making use of in-house judges to bring an enforcement action against her “without the same due process rights available to litigants in the federal courts,” according to Tilton’s statement.

Nobody puts Lynn Tilton in a corner.

‘Turnaround Queen’ Tilton sues SEC over use of in-house judges [NYP]

Earlier: How Would Lynn Tilton Punish Lynn Tilton?


Lynn Tilton Taking It From Both Sides

The Patriarch Partners founder is now dealing with allegations of fraud from investors, in addition to those by the Securities and Exchange Commission.

Lynn Tilton Unveils Studded Leather Battle Garb

The Patriarch Partners founder is ready to take down her adversaries, sartorially speaking.

Getty Images/Alberto E. Rodriguez

Lynn Tilton Gets Calendar Reminder To Sue The SEC Again

It's important to set these things up or your might forget.

How Would Lynn Tilton Punish Lynn Tilton?

Banning jello-shots from the conference room would certainly be an effective deterrent against fraud.

Whatever Doesn't Kill A Lynn Tilton Makes Her Stronger: Lynn Tilton

One day soon, probably when she's shooting a follow-up to her 1988 holiday card to clients seen at left, we'll think back on this setback and laugh.

Lynn Tilton Is Ready For Battle

Memo to the SEC: the Patriarch Partners CEO has her gladiator gear on.