Excerpt from article and link below:
"Neiman Marcus declined to comment on the letter."
“The letter today shows that, clearly, Neiman is in a corner,” said David Tawil, president of Maglan Capital, a distress-focused hedge fund uninvolved in the conflict. “If this does go to court, then it will likely result in a bankruptcy. Unfortunately for everyone else involved in the process, a bankruptcy may be the cleanest way to get this resolved.”
https://www.businessoffashion.com/articles/news-analysis/neiman-marcus-creditor-steps-up-attack-on-mytheresa-transfer-plan