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Neiman Marcus-Marble Ridge Debt Dispute Turns Into Dogfight

  • Texas judge to decide whether retailer is bullying hedge fund
  • Luxury chain seen by lawyer with hometown advantage in Dallas
Neiman Marcus Looks to Fix Retail ‘Pain Points’ at Pop-Up Store

Photographer: David Paul Morris/Bloomberg

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Five billion dollars in debt, Neiman Marcus Group Inc. has been on the defensive for months from rebelling creditors. Now, a judge has to decide whether the luxury chain has crossed the line from self-protection to bullying.

After Marble Ridge Capital accused Neiman Marcus last year of shuffling its assets so that creditors couldn’t claim them after a default, the retailer counter-sued, saying it was being smeared with “false statements.” Months later, the hedge fund is urging a judge to find that the department store chain is trying to silence legitimate criticism and deprive Marble Ridge of its day in court.