Patriarch faces another lawsuit over CLO mismanagement

By James Harvey

Tuesday, January 17, 2017

Lynn Tilton is set for yet another court battle after the Zohar CLOs filed a lawsuit against her and Patriarch Partners in New York.

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View details on CLO-i: Zohar CDO 2003-1 Zohar II 2005-1 Zohar III

Comment by: Anonymous. Posted 7 years ago [2017-01-19 13:32:41]

There are very few times in life when I've wondered if I should be a lawyer. This may be one of them. The legal issues (to this non-lawyer) appear fascinating. Can a CLO SPV file suit of this sort? Apparently it's not the Trustee filing suit, it's the legal entities of the three deals. I don't believe CLO documentation is constructed to fight alleged fraud in this manner.

CLOs

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