Tilton Tells Jury Zohar Investor Was Clear On Strategy

By Rachel Scharf (August 1, 2022, 8:47 PM EDT) -- Distressed debt maven Lynn Tilton returned to the witness stand Monday in a $45 million civil fraud trial over her troubled Zohar funds, telling a New York state jury that she was upfront about the funds' business model when a German bank invested in the early 2000s.

Tilton resumed her testimony as she and her Patriarch Partners companies square off against Hanover, Germany-based Norddeutsche Landesbank Girozentrale, or Nord/LB, in a long-awaited trial that opened July 14 before New York State Supreme Court Justice Joel M. Cohen.

The bank sued Tilton in 2015, alleging it bought $135 million worth of notes from...

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