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Lynn Tilton, the outspoken financier of Patriarch Partners, has filed a suit to have the SEC’s charges of investor fraud tried in a District Court instead of the regulator’s internal courts.
The self-styled “Diva of Distressed” Lynn Tilton is hitting back. After federal regulators announced Monday that Tilton’s private equity firm Patriarch Partners was being charged with defrauding investors, Tilton and Patriarch filed suit against the SEC on Wednesday. The SEC filed its charges in an internal administrative court, meaning the case would be decided there...
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