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BN Restates Riggio Holdings

March 11, 2010
By Michael Cader

Among the many things Barnes & Noble and investor Ron Burkle have been fighting over is the company’s assessment of how many shares are controlled by the Riggio family and company directors, management and other executive officers.” On February 17 the company told Burkle that insiders controlled “approximately 31 percent” of shares. But in their quarterly SEC 10-Q filed today, they say Len and Steve Riggio alone are “beneficial owners of an aggregate of approximately 32.4% of the company’s outstanding capital stock as of January 31.” (Online data indicates that other company officials and directors hold approximately 1.5 percent of […]

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