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Neiman Wins Against Marble Ridge as Judge Tosses Suit

  • Lawsuit dismissed for ‘lack of subject matter jurisdiction’
  • Marble Ridge had objected to Neiman Marcus shuffling assets
Neiman Marcus Looks to Fix Retail ‘Pain Points’ at Pop-Up Store

Photographer: David Paul Morris/Bloomberg

Corrected

A state judge dismissed a lawsuit that hedge fund Marble Ridge Capital LP brought against Neiman Marcus after the retailer had shuffled its assets.

Judge Tonya Parker signed the ruling on Tuesday which dismissed the lawsuit for “lack of subject matter jurisdiction,” according to a court document filed in Dallas, Texas. Marble Ridge, a debtholder, objected to Neiman Marcus’s moving its MyTheresa unit out of the reach of creditors.