As Investors File Lawsuit, Lynn Tilton And Patriarch Fire Back

Mark Melin

Published onMay 19, 2015

Updated on May 13, 2021

After a lawsuit Monday filed by investors against Patriarch Partners claimed the “vast majority of the information” the firms received was “false and misleading,” Lynn Tilton’s fund is firing back.

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Lynn Tilton's Patriarch Partners: lawsuit is "baseless" and "piggybacks on the SEC’s meritless allegations"

Two investors in Lynn Tilton's Zohar funds, Hannover Funding LLC and Norddeutsche Landesbank Girozentrale, are asking the state Supreme Court in Manhattan for at least $44 million in damages claiming Tilton overcharged fees collected on $2.5 billion in collateralized loan obligations, known as CLOs. The lawsuit comes on top of similar suit filed by the Securities and...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

As Investors File Lawsuit, Lynn Tilton And Patriarch Fire Back

Lynn Tilton's Patriarch Partners: lawsuit is "baseless" and "piggybacks on the SEC’s meritless allegations"

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