Market Overview

Robbins Arroyo LLP Is Investigating the Officers and Directors of Barnes & Noble, Inc. (BKS) on Allegations of Wrongful Termination by Their Former CEO

Share:

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
.

Attorney Advertising. Past results do not guarantee a similar outcome.

View Comments and Join the Discussion!