{"id":5758,"date":"2015-03-31T00:00:00","date_gmt":"2015-03-31T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/03\/financier_lynn_tilton_sues_the"},"modified":"2022-05-06T12:18:16","modified_gmt":"2022-05-06T17:18:16","slug":"financier-lynn-tilton-sues-the","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/financier-lynn-tilton-sues-the\/","title":{"rendered":"Financier Lynn Tilton Sues the SEC After She is Charged with Securities Fraud"},"content":{"rendered":"\n

Lynn Tilton, the owner of the financial firm Patriarch Partners LLC, is suing the U.S. Securities and Exchange Commission. She wants the regulator to stop going after her for alleged financial fraud<\/a>. Tilton claims that the agency did not abide by the U.S. Constitution when it chose to pursue its case against her via its own administrative proceeding rather than federal court. <\/p>\n

The SEC is charging Tilton and her firm with securities fraud<\/a>. The Commission contends that she concealed the poor performance of the assets that were underlying three CLO (collateralized loan obligation) funds, known as the Zohar Funds. The agency has been probing the Zohar I, II, and III funds for years. They contain securities put together by Patriarch and are made up mostly of loans to companies that the financial firm controlled.<\/p>\n

Tilton and Patriarch had raised over $2.5 billion for the funds. The regulator said that because they concealed the low performances, the firm and Tilton were able to collect close to $200 million of fees they shouldn\u2019t have received. The SEC said that \u201cmajor conflict of interest\u201d was a factor. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Lynn Tilton, the owner of the financial firm Patriarch Partners LLC, is suing the U.S. Securities and Exchange Commission. She wants the regulator to stop going after her for alleged financial fraud. Tilton claims that the agency did not abide by the U.S. Constitution when it chose to pursue its case against her via its […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741],"tags":[],"class_list":["post-5758","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nFinancier Lynn Tilton Sues the SEC After She is Charged with Securities Fraud — Investor Lawyers Blog — March 31, 2015<\/title>\n<meta name=\"description\" content=\"Lynn Tilton, the owner of the financial firm Patriarch Partners LLC, is suing the U.S. Securities and Exchange Commission. 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