“Diva of distressed debt” Lynn Tilton won a court ruling in Delaware letting her move forward with her effort to recoup $22 million from Stila Styles LLC after her ouster from the cosmetics company’s helm.
There was a lot of housekeeping going on in Delaware courts last week, as Lynn Tilton learned her control of cosmetics company Stila Styles had expired, Elon Musk and Twitter Inc. got their stale dirty laundry hung out, and a vice chancellor grumbled as he tried to get a streaming television service to work.
Delaware's Supreme Court upheld without elaboration Thursday two Chancery Court orders that ended Lynn Tilton's control of cosmetics company Stila Styles LLC, rejecting her arguments that the limited liability company's rules prevented her from being removed as manager.
Delaware's Supreme Court upheld without elaboration Thursday two Chancery Court orders that ended Lynn Tilton's control of cosmetics company Stila Styles LLC, rejecting her arguments that the limited liability company's rules prevented her from being removed as manager.
/PRNewswire/ Stila Cosmetics announced today that an independent manager has been appointed to help guide the company and it has hired renowned industry.