Finance, Taxes, Insurance
Patriarch Sues SEC in Response to Fraud Charges
Lynn Tilton's Patriarch Partners is alleging that SEC has breached the U.S. Constitution.
Lynn Tilton and her Patriarch Partners investment group, which includes MD Helicopters, is suing the U.S. Securities and Exchange Commission. [Photo: Barry Ambrose]
Lynn Tilton and her Patriarch Partners investment group, which includes MD Helicopters, is suing the U.S. Securities and Exchange Commission. [Photo: Barry Ambrose]

Lynn Tilton and her Patriarch Partners investment group today filed a lawsuit against the U.S. Securities and Exchange Commission in response to charges of alleged fraud filed on March 31 by the SEC. The suit filed in the U.S. District Court for the Southern District of New York by Tilton, Patriarch and “certain of its affiliated entities” alleges that the SEC’s program for administrative proceedings “violates Article II of the U.S. Constitution.”