Tilton Rejected as U.S. Supreme Court Lets SEC Case Proceed
- Patriarch Partners founder at risk of securities industry ban
- SEC accuses Tilton of misleading investors about loan pools
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The U.S. Supreme Court let the Securities and Exchange Commission press its case against Lynn Tilton, the Patriarch Partners founder once known as the “Diva of Distressed,” leaving her at risk of being barred from the securities industry.
Rejecting without recorded dissent a request by Tilton and Patriarch, the justices refused to halt the case while they decide whether to hear her contentions that the SEC’s use of in-house judges is unconstitutional.