In a court filing, Amazon described that investment as “presumptively worthless after Saks continuously failed to meet its budgets, burned through hundreds of millions of dollars in less than a year, and ran up additional hundreds of millions of dollars in unpaid invoices.“Amazon paid $475 million for a stake in Saks Global when the retailer bought Neiman Marcus Group in a $2.7 billion deal that ultimately left it with too much debt.During the “first day” hearing, Pérez nixed Amazon’s effort to delay approv ...