Hedge Fund Founder Kamensky Draws U.S. Charges in Neiman Bid (1)

Dan Kamensky’s legal crisis deepened Thursday as U.S. prosecutors said the Marble Ridge Capital founder coerced Jefferies Financial Group Inc. into abandoning an offer for shares in bankrupt retailer Neiman Marcus Group Inc. so his hedge fund could obtain them at a lower price.

Kamensky, 47, was arrested and charged with crimes including securities fraud, extortion and obstruction of justice for pressuring an unnamed investment bank to drop its bid, the U.S. Attorney’s Office for the Southern District of New York said in a statement. Kamensky was sued over the same allegations by the Securities and Exchange Commission, which ...