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Neiman Marcus Disputes Marble Ridge Over Asset Transfer

  • Retailer asks Dallas court to dismiss the Marble Ridge suit
  • Company seeks damages resulting from hedge fund’s assertions
Neiman Marcus Inc. signage is displayed on the facade of a store in San Francisco, California, U.S.
Neiman Marcus Inc. signage is displayed on the facade of a store in San Francisco, California, U.S.Photographer: David Paul Morris
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Neiman Marcus Group Inc. is biting back at Marble Ridge Capital over claims that the retailer defaulted on debt agreements when it transferred the MyTheresa subsidiary beyond the reach of creditors.

The luxury chain filed counter-claims in a Texas state court in Dallas Friday seeking damages tied to allegedly “false statements” that Marble Ridge made about Neiman in a lawsuit and public letters. Neiman also wants the court to dismiss Marble Ridge’s Dec. 10 lawsuit, calling the claims “legally defective.”