Wednesday, June 29 2022
By Leslie A. Pappas (May 31, 2022, 10:20 p.m., leaving in limbo a Chapter 11 effort to appoint Kevin Carey, a retired bankruptcy judge, as manager of the cosmetics business.

In a 42-page post-trial opinion, Vice Chancellor Joseph R. Slights III found that Tilton violated Stila’s LLC agreement in 2017 when he purported to create a new class of units that gave him unilateral power to remove the company’s manager because Tilton failed to obtain the consent of the common sole…

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