A New York state jury is on track to deliberate a German bank's $45 million fraud claim against distressed debt manager Lynn Tilton, having heard lawyers for each side paint divergent pictures of the dispute during closing arguments Thursday.
Rejecting a call for a full "hold the status quo" order or stay pending appeal, Delaware's chancellor ordered a limited set of curbs Wednesday on the operation of Stila Styles Cosmetics while business turnaround mogul Lynn Tilton appeals her ouster as company manager.
The Delaware Chancery Court drew a step closer last week to filling an empty seat on the bench, a debt maven fought for control of a cosmetics company, and new cases came in involving cryptocurrency, building products, business software, and of course, private equity. Here's your weekly roundup of news from Delaware's Chancery Court.
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A bankrupt fund battling with distressed debt maven Lynn Tilton over cosmetics company Stila Styles LLC is now asking Delaware's Chancery Court to clarify a May 31 ruling over who has the right to appoint Stila's manager a request Tilton denounced Tuesday as a disguised motion for reargument.