Lynn Tilton’s attempts to thwart the Securities and Exchange Commission’s administrative case against her were shot down again.
On Tuesday the Supreme Court denied an application from the so-called “diva of distressed” debt to halt the SEC’s hearing against her and her New York-based private equity firm, Patriarch Partners.
The decision means that Tilton will have to appear in an SEC administrative hearing on Oct. 24 — a process Tilton believes is stacked against her.
Tilton has tried twice before to halt the case, but a federal district court and a Manhattan appeals court both rejected the move.
Tilton questioned the constitutionality of SEC proceedings and argued that it didn’t allow her sufficient time to prepare a defense.
“We’re disappointed [in the ruling], but we will work tirelessly to see to it that justice is ultimately done here and Lynn Tilton is exonerated of these baseless SEC charges,” said Tilton lawyer Randy Mastro.
