Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Barnes & Noble, Inc. (NYSE: BKS) breached their fiduciary duties to shareholders. In a recent court filing, the bookseller revealed the true reasons behind the company’s dismissal of its former CEO Demos Parneros. According to Barnes & Noble, a female subordinate reported two incidents in which she was subject to unwanted touching and comments. Since Parneros’ termination, the company has received additional complaints about other inappropriate behavior by Parneros toward female employees. Further, Barnes & Noble says Parneros bullied other staffers and sabotaged the potential sale of the company earlier this year.
View this press release on the firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/barnes-noble-inc-nov-2018/
Barnes & Noble Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, [email protected], or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Sign up for our FREE portfolio monitoring service, Stock Watch.
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