Wednesday, March 20, 2019

Judge dismisses Marble Ridge suit against Neiman Marcus

Retail Dive
A Texas judge on Tuesday dismissed Marble Ridge's lawsuit against Neiman Marcus, concluding that the lawsuit lacked "subject matter jurisdiction," according to court documents. In response, a Marble Ridge spokesperson said the ruling does not address "the key issues, which are the inappropriate transfer by Neiman Marcus of the MyTheresa assets; the questionable financial condition of Neiman; and its implication for stakeholders."

In a statement, Neiman Marcus said it's looking forward to working with debtholders. "These holders chose to engage in constructive discussions with the company rather than engage in a campaign of false and misleading statements designed to harm the company and disrupt those negotiations.". . . more