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Zohar Sues Tilton For $1 Billion But Neither Wants To Move Under Rule 14 in SDNY

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Nov18 –  Zohar Funds accuses Lynn Tilton and Patriach Partners of pillaging more than a billion dollars.  

  On November 18, U.S. District Court for the Southern District of New York Judge William H. Pauley III held a proceeding. Inner City Press covered it.   

Questioning centered around whether Pauley has subject matter jurisdiction. No one, however, wanted to file a Rule 14 motion.

Defendants' lawyer Randy Maestro confirmed that; earlier in the proceeding Judge Pauley asked how it was that a Gibson Dunn lawyer arrived 20 minutes late.   

The outcome was that the parties will file letter memoranda by December 2 on whether Judge Pauley has subject matter jurisdiction. They will convene again on December 16.

The case is Zohar CDO 2003-1, Ltd. et al v. Patriarch Partners, LLC et al., 17-cv-307 (Pauley)


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