Former Barnes & Noble CEO Demos Parneros’ determination to dispute the bookseller’s claim he was a “faithless servant” has now resulted in a formal motion: On December 21, after some scheduling confusion regarding an intended postponement, his counsel filed the motion to dismiss BN’s second counterclaim against him. (As for the other two counterclaims, counsel heeded Judge John Koetl’s strongly-established concerns about a motion to dismiss.) Attorney Anne Clark’s 15-page filing leverages legal precedent to dispute BN’s claim that Parneros was a “faithless servant” who sabotaged negotiations with a potential buyer of the struggling company. While Parneros disputes the facts in BN’s […]
