Back in March, the Securities and Exchange Commission accused Lynn Tilton and her private equity firm, Patriarch Partners, of lying to investors about the value of underlying loans in three collateralized loan obligations. Never one to simply roll over and take it, Tilton immediately struck back, suing the regulator and claiming it was violating her constitutional rights by filing the case against her within its in-house court system, wherein one of the SEC’s own judges would preside over her case. But that was only a small piece of her response to the injustice. For the last seven months, Tilton has taken to Twitter, Instagram, Facebook, and who knows what other forms of social media to fight back. She's posted pictures of herself being trailed by photographers on the beach, wearing ripped white jeans and calling herself an "island girl" whose indomitable spirit will not be broken by lawyers or anyone else; she's shared videos explaining her business process from a U-shaped leather couch surrounded by dozens of brown leather pillows; she's hash-tagged the hell out of the words “warrior,” “fighter,” “ladyboss,” “sheforall,” “jobs,” “life,” “love,” “laughter,” and “fightlikeagirl.” She's made liberal use of various photo filters.
So when a group of Patriarch investors (Norddeutsche Landesbank Girozentrale and Hannover Funding Co.) decided to sue her and her firm on Monday, alleging "fraudulent misrepresentation and concealment tied to her multi-billion-dollar debt funds," she knew what she had to do.
Screw the lawyers.
Screw the canned statements.
And get to Tweeting.
Earlier: Lynn Tilton Not Taking SEC Charges Lying Down; How Would Lynn Tilton Punish Lynn Tilton?; Lynn Tilton Sees A Lot Of Similarities Between Her Battle With The SEC, David And Goliath; Lynn Tilton Bares All; This Is A Story About Lynn Tilton’s Employees Doing Jello Shots Off Her Rack; Step Into Lynn Tilton’s Office; Lynn Tilton’s Unique Take On Trust Falls May Cause Side Effects; Lynn Tilton: Never Apologize For Sending Near-Naked Christmas Cards To Your Clients And Friends On Wall Street; So Lynn Tilton Filmed Another Video Address From Her Living Room; And Now A Message From Lynn “Rambo” Tilton; Lynn Tilton Goes To Her Happy Place; Lynn Tilton Taking It From Both Sides; Whatever Doesn’t Kill A Lynn Tilton Makes Her Stronger