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Neiman Marcus Approved to Exit Bankruptcy After Critic’s Arrest | #coronavirus | #scams | #covid19


A bankruptcy judge signed off on Neiman Marcus Group Ltd.’s restructuring plan on Friday, ending one of the first major chapter 11 filings after the Covid-19 pandemic forced thousands of businesses to shut their doors this spring.

“Neiman Marcus today will get a second chance to remake itself,” the company’s lawyer Matthew Fagen of Kirkland & Ellis LLP said at a hearing in the U.S. Bankruptcy Court in Houston.

The…



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