US appeals court halts SEC fraud case against financier Tilton

September 17, 2015 7:21 PM

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NEW YORK, Sept 17 A federal appeals court has temporarily blocked the U.S. Securities and Exchange Commission from pursuing its fraud case against New York financier Lynn Tilton.

Thursday's order by the 2nd U.S. Circuit Court of Appeals in New York puts on hold the regulator's case against Tilton, the head of Patriarch Partners, which was set for an Oct. 13 trial.

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