Dec 01

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Blog Post: Chancery Allows Tilton Ouster From Boards In Zohar Fight

by Anonymous

A Delaware Chancery judge late Thursday sided with a group of collateralized loan obligation businesses, known as the Zohar funds and once managed by Patriarch Partners CEO Lynn Tilton, in a fight over who controls the equity vote in several portfolio companies, rendering a ruling that allows for Tilton's ouster from the firms' boards.
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