Legal Battle Between Saks Global and Yumi Shin Rages On
Yahoo Finance·2025-12-18 21:44

Legal Dispute Overview - The legal battle between former Bergdorf Goodman chief merchant Yumi Shin and Saks Global is ongoing, with Shin seeking to dismiss the case against her, claiming that a federal court trial in Texas violates her rights [1][3] - Saks Global is attempting to have information regarding its acquisition of the Neiman Marcus Group redacted from Shin's court filings, citing confidentiality concerns [2][4] Allegations and Legal Actions - Saks Global's lawsuit, filed in November, accuses Shin of violating her non-compete agreement and stealing proprietary information, although the specifics of the alleged stolen information remain unclear [3] - Shin served as the chief merchandising officer at Bergdorf Goodman from January 2019 until her departure in October 2025, with plans to join Nordstrom [3] Financial Aspects and Merger Details - Saks Global announced the acquisition of the Neiman Marcus Group for $2.7 billion in December 2024, and is seeking to protect sensitive information related to the merger in the ongoing legal proceedings [4][5] - The company is also pursuing damages, attorneys' fees, and costs associated with the trial [5] Impact on Employment - The legal dispute is delaying Shin's potential employment with Nordstrom, which had hoped for her swift transition to the company [6] - Typically, in cases involving non-compete agreements, parties may reach a financial settlement to expedite the individual's employment, although Nordstrom has not commented on this situation [6]