Testifying Friday in a Delaware courtroom in the case brought by Ron Burkle’s Yucaipa challenging Barnes & Noble’s poison pill, chairman Len Riggio said of the defense plan adopted by the board, “It’s about the company.” But in a videotaped deposition before the trial played in court, Riggio said “the pill was about me and my family.” At another point in the deposition, he said, “I have a strong preference for being the largest shareholder of Barnes & Noble, being its founder.” Riggio was vaguer on the point raised in the first day’s testimony by Barnes & Noble board member […]
