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Posted September 23. 2017 10:14PM

Axis gets win in Patriarch coverage over Tilton probe case

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Lynn Tilton came to the financial rescue of the paper mill in Cascade Flats in Gorham, NH, pictured here. 

Law360, New York (September 22, 2017, 5:53 PM EDT) -- A New York federal judge Friday denied Lynn Tilton's Patriarch Partners LLP insurance coverage for a $20 million U.S. Securities and Exchange Commission probe, saying it was already under investigation when it took out $5 million in excess coverage from Axis Insurance Co.