Neiman Marcus Accused Of Funneling $1B To LBO Sponsors
By Darcy Reddan ( December 10, 2018, 9:00 PM EST) -- Neiman Marcus Group Inc. was hit with a suit in Texas state court Monday alleging the company orchestrated a plot to loot its own luxury department store and online retailer of about $1 billion and transfer the cash to indirect owners Ares Management LP and the Canada Pension Plan Investment Board....
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