{"id":6117,"date":"2017-02-24T19:29:44","date_gmt":"2017-02-25T01:29:44","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1453"},"modified":"2022-03-22T15:06:19","modified_gmt":"2022-03-22T20:06:19","slug":"institutional-investors-cdo-fraud-case-patriarch-partners-lynn-tilton-proceed","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/institutional-investors-cdo-fraud-case-patriarch-partners-lynn-tilton-proceed\/","title":{"rendered":"Institutional Investor’s CDO Fraud Case Against Patriarch Partners, Lynn Tilton to Proceed"},"content":{"rendered":"

\t\t\t\tThe New York State Supreme Court has ruled that the $45M institutional investor fraud case <\/a>against Patriarch Partners and owner Lynn Tilton may proceed. The financier had sought to have the fraud charges against her dropped.<\/p>\n

The plaintiff is Norddeutsche Landesbank Girozentrale. The German bank, known as Nord\/LG, invested in Tilton\u2019s Zohar debt fund. Nord\/LG later accused Tilton of misrepresenting the fund\u2019s structure and brought a collateralized debt obligation lawsuit against her and her firm. <\/p>\n

The German bank contends that it didn\u2019t know that fraud might have occurred until the US Securities and Exchange Commission brought a civil case against Tilton and her firm in 2015. The regulator wants disgorgement of about $200M in allegedly bogus fees that Tilton and Patriarch purportedly collected for their services. The SEc also wants to bar Tilton from the industry.<\/p>\n

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

The New York State Supreme Court has ruled that the $45M institutional investor fraud case against Patriarch Partners and owner Lynn Tilton may proceed. The financier had sought to have the fraud charges against her dropped. The plaintiff is Norddeutsche Landesbank Girozentrale. The German bank, known as Nord\/LG, invested in Tilton\u2019s Zohar debt fund. Nord\/LG […]<\/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":[3742],"tags":[2750,2751,2752,2753],"class_list":["post-6117","post","type-post","status-publish","format-standard","hentry","category-collateralized-debt-obligation","tag-lynn-tilton","tag-norddeutsche-landesbank-girozentrale","tag-patriach","tag-zohar-funds"],"yoast_head":"\nInstitutional Investor's CDO Fraud Case Against Patriarch Partners, Lynn Tilton to Proceed — Investor Lawyers Blog — February 24, 2017<\/title>\n<meta name=\"description\" content=\"The New York State Supreme Court has ruled that the $45M institutional investor fraud case against Patriarch Partners and owner Lynn Tilton may proceed. — February 24, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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