Since 2011 the “private investment firm” G Asset Management — by all appearances a one-man shop operated by Michael Glickstein — garnered headlines by writing repeatedly to the Barnes & Noble board, proposing various splits of the company’s assets or theoretical offers to acquire control of parts or all the company itself, culminating in a press release claiming it had “made a proposal to acquire” controlling interest in the bookseller. Apparently Glickstein’s antics registered hard on the radar of the SEC, which announced Thursday afternoon sanctions against G Asset Management for issuing “a misleading news release…that claimed it had offered to purchase a majority interest in Barnes & […]
