Alvarez & Marsal Turns up Heat on Zohar Funds Creator Tilton

05/26/16

[wsj-responsive-image P="//art.wsj.net/api/photos/31690525/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/31690525/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/31690525/smartcrop?height=853&width=1280" caption="New York financier Lynn Tilton speaks with her attorneys after her hearing at the U.S. District courthouse in New York, May 11, 2015. Alvarez & Marsal is seeking more information on the Zohar investment vehicle she founded.. " credit="Reuters" placement="Inline" suppressEnlarge="false" ]

Alvarez & Marsal wants a court order to force Lynn Tilton and her Patriarch Partners firm to cough up more information on the Zohar investment funds Ms. Tilton founded. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

WSJ reports on the approval of a bipartisan Puerto Rico rescue bill by a House committee.

WSJ reports on the restructuring of Takata Corp, which is looking for a cash infusion.

A report shows big banks need to improve their “living wills,” WSJ reports.

Creditors of failed bitcoin firm Mt. Gox are seeking trillions where there are only millions, DealBook reports.

RCS Capital Corp. has exited bankruptcy, but the brokerage unit it formed itself around—Cetera Financial Group—has lingering problems, WSJ reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa

[more]