Barnes & Noble Chairman Riggio Will Pay $29 Million To Settle Shareholder Suit Over College Acquisition

by on June 13, 2012 in Bookstores, Legal

The long-running litigation surrounding Barnes & Noble's August 2009 acquisition of BN College from company founder and chairman Leonard Riggio is finally over, as Riggio has agreed to settle a series of lawsuits launched by shareholders with a $29 million payment from personal funds. But he won't actually pay out…

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