Investors in Lynn Tilton’s funds sued yesterday seeking damages for alleged fraudulent misrepresentation and concealment tied to her multi-billion-dollar debt funds, the Wall Street Journal reported today. Norddeutsche Landesbank Girozentrale and Hannover Funding Co. filed a civil suit in state court in New York, seeking damages from Tilton, her Patriarch Partners LLC and related entities for allegedly misleading them into investing with the financier. The allegations echo those from the Securities and Exchange Commission, which accused Tilton and Patriarch in the spring of fraud and of hiding poor performance of assets in funds they run, called the Zohar funds.
