⚡️“Independent” Directors Under Attack. Part II.⚡️

Neiman Marcus Group LTD LLC filed for bankruptcy a mere three weeks ago and the First Day hearing foreshadowed — to use our descriptor — “BIG” fireworks. We wrote:

This case is all about “BIG.”

A BIG capital structure stemming from a BIG LBO by two BIG PE funds, Ares Capital Management and CPP Investment Board USRE Inc.

A BIG, complicated — and controversi…