Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.

2 days ago · A major company has threatened 'drastic' action in a popular retailer's bankruptcy plan.

2 days ago · Amazon said its $475M stake in Saks is 'presumptively worthless' and that it may seek 'more drastic remedies' if Saks doesn't 'resolve' its concerns.

2 days ago · A major legal battle is underway between Amazon and Saks Global, with the e-commerce giant vowing to use “all available legal remedies” to recover $475 million it claims it is owed in the ...

Source: site Amazon filed an objection to Saks Global’s bankruptcy financing plan on the grounds it could harm creditors and push the tech company further down the repayment pecking order. The …

3 days ago · Amazon challenges Saks’ Chapter 11 financing, warning a $1.75B deal could harm unsecured creditors and make its equity stake worthless—read the latest...

2 days ago · Amazon is challenging Saks Global Enterprises’ foray into Chapter 11, saying the luxury retailer breached a deal related to the sale of Saks products on its...