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August 28, 2018By Michael Cader

Parneros Sues Barnes & Noble for Breach and Defamation, Says Riggio Turned On Him After Sale to Another Book Retailer Fell Through; Company Calls Suit Extortion

August 28, 2018By Michael Cader

Former Barnes & Noble ceo Demos Parneros filed suit against the bookseller in a New York Federal Court on Tuesday, alleging breach of contract and defamation in connection with his dismissal without severance in early July. Parneros seeks the “severance that is due him, which is over $4 million in cash, plus equity,” along with additional damages. His primarily allegation is that the company “falsely stated that Parneros had violated company policy and did so in language and in a manner that defendant knew full well was false but would be read as reporting that Parneros had engaged in serious […]

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