Zohar III, Corp.

  1. January 30, 2023

    Zohar Ch. 11 Trustee Seeks Toss Of Tilton Claims In Del.

    An attorney for a litigation trust formed during the bankruptcy of distressed debt maven Lynn Tilton's Zohar funds urged a Delaware judge on Monday to dismiss Tilton's challenges to a nearly $600 million string of post-confirmation claims, arguing they would violate Chapter 11 plan terms and the Bankruptcy Code.

  2. January 04, 2023

    Lynn Tilton Pushes For Immediate Sale Of Stila Styles

    Distressed debt maven Lynn Tilton and her private equity firm urged a bankruptcy court on Wednesday to order the immediate sale of cosmetics company Stila Styles LLC, arguing at an evidentiary hearing in Wilmington, Delaware, that disputes over the company's sale had gone on long enough.

  3. December 02, 2022

    Interest Rates Doom Lender, Crypto Winter Persists

    Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.

  4. December 01, 2022

    Stila Styles CEO Asks To Seal Courtroom For Sale Testimony

    The CEO of Zohar portfolio company Stila Styles on Thursday asked a Delaware bankruptcy judge to close the courtroom for a hearing concerning the company's sale, saying any information on the sale or the company's finances is too confidential for the public.

  5. October 24, 2022

    Stila Styles Sale Is Subject To Ch. 11 Deal Milestones

    A Delaware bankruptcy judge said the post-confirmation entities tasked with monetizing portfolio companies of the reorganized Zohar Funds should come to an agreement with Lynn Tilton affiliates on milestones governing the sale of cosmetics firm Stila Styles.

  6. October 20, 2022

    Stila Styles Says Tilton Seeks End-Run Around Court Ruling

    A cosmetics firm once controlled by distressed-company turnaround mogul Lynn Tilton has challenged as a misplaced collateral attack Tilton's bid for a Delaware bankruptcy court injunction putting tens of millions beyond the reach of Stila Styles' state court-appointed manager.

  7. June 29, 2022

    Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

    The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.

  8. June 21, 2022

    Zohar Clears Del. Ch. 11 Confirmation Over Tilton Objections

    Remnants of the Zohar business turnaround empire once controlled by collateralized debt promoter Lynn Tilton secured a Delaware bankruptcy judge's Chapter 11 liquidation plan confirmation Tuesday, with multiple challenges and appeals already in the works.

  9. May 17, 2022

    Patriarch's $1B Claim Alive Pending Appeal In Zohar Ch. 11

    A Delaware bankruptcy judge said Tuesday that an appeal of a ruling she issued earlier in the case of distressed debt investment vehicles should be resolved before she could adjudicate an administrative expense claim from entities associated with Lynn Tilton potentially worth $1 billion, as the contested order involves the expense claim's supporting assertions.

  10. May 16, 2022

    Patriarch Says Zohar Plan Can't Dump Equitable Claims

    Stakeholders in turnaround mogul Lynn Tilton's Patriarch Partners are asking a Delaware bankruptcy judge to reject the Chapter 11 plan proposed by the Zohar III funds, saying it attempts to put the funds' last assets out of reach of their $1 billion in equitable claims.