SAN DIEGO & NEW YORK--(BUSINESS WIRE)--Aug 31, 2018--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Barnes & Noble, Inc. (NYSE: BKS) breached their fiduciary duties to shareholders. Demos Parneros, former CEO of Barnes & Noble, has filed a complaint against the company for firing him without warning and without any severance. The complaint alleges that Barnes & Noble’s executive chairman fabricated reasons to fire Parneros shortly after a deal to sell the company collapsed, even though Parneros had no part in the deal’s failure. Additionally, Parneros alleges that Barnes & Noble irrevocably damaged his reputation when it announced his firing by using language that implied he had engaged in sexual misconduct, when he had not.
View this press release on the firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/barnes-noble-inc-aug-2018/
Barnes & Noble Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005479/en/
CONTACT: Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Arroyo LLP
Copyright Business Wire 2018.
PUB: 08/31/2018 04:19 PM/DISC: 08/31/2018 04:19 PM