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September 21, 2011By Michael Cader

Barnes & Noble Says Privacy Recommendations “Would Destroy the Value” of Borders IP Purchase

September 21, 2011By Michael Cader

A battle is brewing in advance of the Thursday afternoon court hearing on Barnes & Noble’s $13.9 million bid to acquire most of Borders’ intellectual property, including their extensive customer databases. This dispute focuses on recommendations of consumer privacy ombudsman Michael St. Patrick Baxter, at Covington & Burling. Not only does BN say “implementing all of the recommendations contained in the report would destroy the value of the transaction from Barnes & Noble’s perspective,” but they accuse Borders of withholding those recommendations (as well as correspondence from the FTC and state Attorneys General) in advance of the auction. They write […]

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Filed Under: Bookstores, Borders, Finance, Legal

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