Barnes & Noble filed its response to former ceo Demos Parneros’s suit alleging breach of contract and defamation on Tuesday, denying Parneros’s allegations and countersuing “to recover…the substantial damages flowing from Parneros’s breach of his fiduciary duties,” claiming that he intentionally “sabotage[d]” a deal to sell the company. In the filing B&N admits there was a sale in progress, as Parneros asserted in his suit, but they also say his statements about that deal comprise “a breach of [his] confidentiality obligations.” By the company’s account, the potential acquirer first approached chairman Len Riggio in late January with interest and made […]
