Zohar III, Corp.

  1. September 27, 2021

    MBIA Renews $1B-Plus Ch. 11 Suit Against Tilton, Affiliates

    MBIA Insurance Corp. has renewed a Delaware bankruptcy court suit seeking more than $1 billion from distressed debt mogul Lynn Tilton and 13 affiliated businesses, alleging the systematic, multiyear looting of assets and funds that triggered massive MBIA noteholder payouts and left the insurer wrongfully blocked from recoveries.

  2. July 19, 2021

    Zohar Gets OK To Send Noteholders Financial Info

    A Delaware bankruptcy judge gave the Zohar Funds approval Monday to share financial information with independent noteholders on the companies being put up for sale in Zohar's Chapter 11 case.

  3. June 18, 2021

    Many Zohar Claims Get 2nd Chance In Tilton Ch. 11 Suit

    A Delaware bankruptcy judge dismissed a string of claims Friday in a 15-month-old Chapter 11 battle between interests of distressed-debt mogul Lynn Tilton and bankrupt Zohar Funds holding more than $1.4 billion in Tilton venture-related debt, but allowed repleading for a majority of those tossed.

  4. April 23, 2021

    How Morrison Cohen Won OK For Tilton-Tied Auto Biz Sale

    Finalizing the sale of one of the bankrupt Zohar funds' portfolio companies was a "tricky" prospect, but Morrison Cohen LLP said it was able to get Delaware bankruptcy court approval for the sale of one such entity to an affiliate of Zohar founder Lynn Tilton by acting without "fear or favor."

  5. April 13, 2021

    Judge OKs Tilton-Tied Biz's Ch. 11 Deal For Auto Parts Co.

    A business controlled by distressed-company turnaround mogul Lynn Tilton won Delaware bankruptcy court approval Tuesday to buy the assets of Global Automotive Systems Inc., over objections that the bankrupt Zohar funds, GAS' top secured creditor, would get nothing from the deal.

  6. February 18, 2021

    Short-Notice Zohar Real Estate Sale Gets Court OK

    The sale of the assets of The Zohar Funds, a trio of bankrupt distressed-company investment vehicles, continued Thursday as a Delaware bankruptcy judge approved the short-notice $1.1 million sale of an unused Michigan real estate parcel.

  7. February 17, 2021

    Zohar Ch. 11 Lines Up Sale Of Tilton-Tied Snelling Staffing

    Another business in Lynn Tilton's distressed debt Patriarch Partners fleet was positioned for a Delaware Bankruptcy Court-supervised sale on Wednesday, with disclosure of a tentative agreement to sell Snelling Staffing LLC and four affiliates to an interest of HireQuest Inc.

  8. January 27, 2021

    Judge Warns Of Doubts Over Zohar Claims In Tilton Tax Fight

    A Delaware bankruptcy judge warned Wednesday that she was "struggling" with debtor efforts to claw back millions in tax distributions held by distressed debt mogul Lynn Tilton's interests, a new wrinkle in the long-running Chapter 11 dispute between Tilton and the Zohar funds.

  9. December 01, 2020

    Zohar Approved For $45M Sale Of Pittsburgh Copper Co.

    Bankrupt distressed company investment vehicles The Zohar Funds received approval from a Delaware judge late Monday for a $45 million sale of a Pittsburgh copper company, as the debtor continues its efforts to sell off its portfolio companies.

  10. June 25, 2020

    Zohar Funds OK'd To Examine Tilton Books In Ch. 11 Tax Tiff

    A Delaware bankruptcy judge authorized funds formerly controlled by distressed debt mogul Lynn Tilton to conduct a Chapter 11 examination of financial records held by Tilton, Patriarch Partners LLC and its affiliates on Thursday, over Tilton's objections.