March 1, 2021

Cayman Islands: Patriarch steps down from Zohar, steps back from MBIA fight

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By Tiffany Kary From Bloomberg Lynn Tilton won’t manage collateral for distressed-debt funds Her role with 70 companies in Patriarch’s portfolio continues Lynn Tilton’s Patriarch Partners LLC stepped back from a legal dispute with MBIA Inc. over the Zohar distressed-loan funds — a fight that was alternately said to imperil the global structured-finance markets and […]

Patriarch steps down from Zohar, steps back from MBIA Fight

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From Tiffany Kary From Bloomberg Lynn Tilton won’t manage collateral for distressed-debt funds Her role with 70 companies in Patriarch’s portfolio continues Lynn Tilton’s Patriarch Partners LLC stepped back from a legal dispute with MBIA Inc. over the Zohar distressed-loan funds — a fight that was alternately said to imperil the global structured-finance markets and the Cayman […]

Lynn Tilton Battles Cayman Islands Directors on Zohar-I Bankruptcy

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By PEG BRICKLEY From Wall Street Journal Zohar-I’s directors have asked a judge to throw out bankruptcy petition Distressed-company investor Lynn Tilton lashed out at the Cayman Islands corporate directors who moved to block her attempt to force one of her debt-investing vehicles into bankruptcy. She says the directors have ignored their duties to Zohar—a […]