Zohar III, Corp.

  1. June 26, 2019

    First Zohar Portfolio Entity Ch. 11 Sale To Net Up To $77M

    A Delaware judge on Wednesday approved the sale of equity interest in one of the portfolio properties of Lynn Tilton's bankrupt investment vehicles, the Zohar funds, in a transaction expected to net between $72 million and $77 million for the funds' Chapter 11 bankruptcy estate.

  2. April 01, 2019

    Zohar Wants To Slow Down $6M Litigation Rights Battle

    Lynn Tilton's distressed investment vehicles the Zohar funds told a Delaware bankruptcy judge Monday that a fight over possession of $6 million in litigation claims shouldn't move forward on an accelerated timeline as they need an opportunity to investigate their potential ownership of the claims.

  3. February 26, 2019

    Zohar Funds' Debt Agent Approved Over Tilton Objections

    The retention of the collateral debt agent in the Chapter 11 case of distressed company investor the Zohar Funds received court approval Tuesday when a Delaware bankruptcy judge determined that the terms of a settlement reached months ago allow for the payment of the agent's fees despite objections from the funds' founder, Lynn Tilton, to the anticipated costs of the retention.

  4. February 04, 2019

    Zohar Defends, Tilton Objects To New Agent In Del. Ch. 11

    Creditors of the bankrupt Zohar funds accused collateralized loan and business turnaround mogul Lynn Tilton late Friday of conflicted efforts to dismantle or rework part of a broad settlement that headed off efforts to get the case dismissed last year.

  5. November 01, 2018

    Tilton Cos. Excluded From Zohar Ch. 11 Reports

    Citing the case's extraordinary sensitivities, a Delaware bankruptcy judge on Thursday approved the withholding of all financial information regarding the Lynn Tilton-controlled portfolio companies now being "monetized" as part of a Chapter 11 for Tilton's Zohar funds.

  6. October 30, 2018

    Patriarch Brands Zohar Ch. 11 Cash Plan As Deal-Breaker

    Investment firms led by business turnaround mogul Lynn Tilton slammed cash management proposals Tuesday for the bankrupt, collateralized loan "Zohar" funds she once controlled, arguing that creditors and others are trying to dismantle a settlement in the Delaware Chapter 11 case.

  7. September 19, 2018

    Tilton Asks To Keep Zohar Portfolio Financials Private

    Patriarch Partners LLC founder Lynn Tilton sought a protective order in the Chapter 11 cases of the Zohar Funds in Delaware bankruptcy court Wednesday, asking to keep private the financial information of companies owned by the funds to preserve the value of the portfolio companies in the event of a sale by Zohar.

  8. July 23, 2018

    Zohar, Tilton Go Back To Mediation Over Del. Ch. 11 Cash

    Investors in the distressed-debt Zohar funds told a Delaware bankruptcy judge on Monday the group is headed back to bankruptcy court mediation with interests of founder Lynn Tilton over cash use and collateral, two months after mediation produced a purported global settlement.

  9. April 23, 2018

    Zohar Reaches Deal To End Dismissal, Stay Fights In Ch. 11

    The Zohar Funds told a Delaware bankruptcy judge Monday that they had reached terms with creditors and insurers to resolve a motion to dismiss the Chapter 11 cases of the debtors, eliminating the need for scheduled hearings on the matter.

  10. March 30, 2018

    Zohar Claims Fund Manager Lacks Standing For Ch. 11 Exit

    A collateral manager opposing Lynn Tilton in a tug of war over the Zohar funds lacks standing to break them out of a Chapter 11 for a pivotal Delaware Supreme Court review, the Zohar bankruptcy debtors said late Thursday.