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››Many Zohar Claims Get 2nd Chance at Tilton Ch. 11 Costume

Many Zohar Claims Get 2nd Chance at Tilton Ch. 11 Costume

By Victor Carollo
June 19, 2021
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Law360 (June 18, 2021, 9:13 p.m. EDT) – A Delaware bankruptcy judge on Friday dismissed a string of claims in a 15-month-old Chapter 11 battle between the interests of troubled debt mogul Lynn Tilton and the Zohar Funds bankrupted holding more than $ 1.4 billion in Tilton’s venture capital debt, but was able to replace the majority of those that were dismissed.

Justice Karen B. Owens’ 63-page decision deepened each of the 33 charges in the complaint, filed in March 2020 and kept under seal until March of this year, when a redacted version of 1,288 pages has been made public.

The precise details of the financial issues remain unclear due to the redactions and courtroom closures that have …

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