I hope that you all don’t think that I am being immodest when I accept Ed’s invitation and post about a wonderful victory that we recently obtained for long-time client Lynn Tilton before an SEC ALJ.
The SEC brought fraud charges against Lynn and her private equity firm Patriarch Partners, seeking a lifetime bar and $240 million in disgorgement plus a fine. The case was particularly notable because it was by far the biggest case SEC enforcement case had ever brought administratively. The well-founded wisdom, as we all know, is that it is almost impossible to win in the SEC’s own forum. After a three-week trial and nearly a year of opinion writing, though, the ALJ handed Lynn and Patriarch a complete victory. .
It was my pleasure to try the case with Gibson Dunn.