Investor Lynn Tilton is bringing in some new hired guns.
Tilton, who spent years cultivating a reputation as a savvy turnaround investor in distressed manufacturing companies, is facing multiple lawsuits from backers of her funds, as well as a fraud case which could result in her being barred from the securities industry.
Law firm Gibson, Dunn & Crutcher is going to work on Tilton's legal defense, after she was represented for years by from Skadden, Arps, Slate, Meagher & Flom, a source said. Skadden was listed alongside other lawyers working on her defense against the Securities and Exchange Commission, which last year accused her of fraud.
Skadden lawyers did not respond to a request for comment, but Tilton's communications firm, Brunswick Group, issued a statement on her behalf and confirmed the source's comments.