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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.
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On the heels of the SEC's charges that Tilton's firm lied to investors about the value of underlying loans of three collateralized debt obligations (Zohar I, II and III), comes this:

Lynn Tilton and Patriarch Partners were accused by investors of providing false and misleading information about her firm’s Zohar funds. Norddeutsche Landesbank Girozentrale and Hannover Funding Co. said in a lawsuit filing in New York state court that they invested more than $135 million in Patriarch’s Zohar funds. They said the “vast majority” of information they received about Zohar funds was false and misleading and seek at least $44 million in compensatory damages and unspecified punitive damages.

Presumably a video addressing the allegations, shot in Tilton's living room, is forthcoming.

Lynn Tilton, Patriarch Partners Sued by Investors Claiming Fraud [Bloomberg]

Related: How Would Lynn Tilton Punish Lynn Tilton?


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