Lynn Tilton Cleared Of Securities Fraud | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

 Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Fri, Sep 29, 2017

Lynn Tilton Cleared Of Securities Fraud

Company's Holdings Includes MD Helicopters

The SEC has dropped its fraud case against Lynn Tilton, the CEO and sole principal of Patriarch Partners ... which owns MD Helicopters.

The charges of fraud against Tilton were first brought two years ago. Tilton was accused of misleading investors about loan pool values, and collecting $200 million in extra management fees, according to a report from MSNBC. The case focused on loan pools valued at $2.5 billion, according to the report.

An administrative law judge made the decision to dismiss the case, saying the alleged violations were "unproven" by the SEC.

"I am heartened to finally be able to put to rest the rumors and innuendo that have cast a dark shadow on me and my business for so long," Tilton said in a statement issued Wednesday. "Throughout this ordeal, I have worked hard to ensure that my focus on my companies did not waver; without this meritless lawsuit hanging over our heads, however, we can now redouble our efforts to lead the portfolio companies toward growth and prosperity."

(Image from file)

FMI: Original Report

Advertisement

More News

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]

ANN's Daily Aero-Term (05.13.24): ILS PRM Approach

ILS PRM Approach An instrument landing system (ILS) approach conducted to parallel runways whose extended centerlines are separated by less than 4,300 feet and at least 3,000 feet >[...]

ANN's Daily Aero-Linx (05.13.24)

Aero Linx: FlyPups FlyPups transports dogs from desperate situations to fosters, no-kill shelters, and fur-ever homes. We deliver trained dogs to veterans for service and companion>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

Also: NBAA on FAA Reauth, DJI AG Drones, HI Insurance Bill Defeated, SPSA Airtankers The Beechcraft Denali continues moving forward towards certification, having received its FAA T>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

Airborne-NextGen 05.14.24: 5293 Drone Record, Airbus Acquires, VA-1X UAS Accident

Airborne 05.13.24: DC-9 Jump Plane, Wag-Aero Sold, VA-1X AAIB Report

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC