It didn’t take long for “Diva of Distressed” Lynn Tilton to take the offensive against the U.S. Securities and Exchange Commission.
When the agency filed an administrative complaint Monday against Tilton and her private equity firm, Patriarch Partners LLC, we noted that Tilton’s lead law firm had recently helped to pioneer a provocative theory that the SEC’s administrative enforcement regime stands in direct conflict with the U.S. Constitution. Sure enough, on Wednesday, Tilton and Patriarch sued the SEC in federal court in Manhattan, seeking a ruling that the agency’s administrative case against them is unconstitutional.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
