"Turnaround queen" Lynn Tilton sues SEC

April 1, 2015 6:51 PM

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NEW YORK – Self-proclaimed "turnaround queen" Lynn Tilton is fighting back against the Securities and Exchange Commission.

The private equity executive and her New York-based Patriarch Partners funds Wednesday sued the federal regulator on constitutional grounds, opening a new legal front two days after the SEC accused them of fraud and improperly collecting nearly $200 million in undeserved fees.

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