⁍ Hedge fund Marble Ridge Capital is looking to wind down.
⁍ Its founder admitted to interfering with Neiman Marcus’ attempt to sell certain assets.
– Neiman Marcus wants a bankruptcy judge to freeze some of the hedge fund Marble Ridge Capital’s money, arguing that Marble Ridge founder Daniel Kamensky interfered with the luxury retailer’s efforts to sell assets, Reuters reports. Marble Ridge’s lawyers, however, say Neiman can’t show that Kamensky’s actions actually caused any loss to the company. Neiman is set to emerge from bankruptcy by the end of September.
Source: https://www.reuters.com/article/bankruptcy-neiman-marcus/hedge-fund-marble-ridge-says-neiman-marcus-cant-prove-losses-in-bankruptcy-litigation-idUSL2N2GL2BG