From Reuters via Digital Reader Blog:
https://the-digital-reader.com/2018/...it-against-bn/
Quote:
A former chief executive of Barnes & Noble Inc filed a lawsuit on Tuesday accusing the bookseller of breach of contract and defamation in connection with his sudden termination last month after a little over a year in the job.
In a complaint filed in Manhattan federal court, Demos Parneros accused Barnes & Noble founder Leonard Riggio of engineering his "firing without cause" and damaging his reputation, in an effort to maintain control of the company.
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B&N issued a very emotional response:
https://www.businesswire.com/news/ho...uit-Terminated
Typical of these catfights, insider info quickly filters out.
In this case that B&N received a buyout offer last June, they accepted it, and during the due diligence phase when the buyer had access to B&N's books, they dropped the offer completely.
(Apparently they headed for the hills instead of trying to renegotiate.)
Popcorn vendors standing by.