Ousted Barnes & Noble CEO Accuses Company of ‘False’ Press Release
August 29, 2018, New York Law Journal, by Erin Mulvaney–
In the wake of the ouster of Barnes & Noble’s chief executive this summer, the retail giant sent out a press release announcing that Demos Parneros, who’d led the company since last year, was terminated for “violations of the company’s policies.” Parneros would receive no severance. A search would begin for a new CEO, the company said.
Many national news stories at the time raised questions about the reasons for the firing, and some noted the swift dismissal came amid the #MeToo reckoning that has confronted sexual misconduct at major companies. Barnes & Noble would only say at the time that Parneros was not fired “due to any disagreement with the company regarding its financial reporting, policies or practices or any potential fraud relating thereto.”
Parneros on Tuesday sued Barnes & Noble in Manhattan federal district court for alleged wrongful termination, and he is accusing the company of issuing a “false” news release. His complaint, filed by lawyers from New York’s Vladeck, Raskin & Clark, alleged defamation and breach of contract. To read entire article click here.
About McDonald Carano
McDonald Carano has helped to shape the Nevada business and legal landscape for 70 years. With more than 60 lawyers and government affairs professionals in our offices in Las Vegas and Reno, we are Nevada's law firm for business. We proudly represent Fortune 500 companies, financial and governmental institutions, fast-growth and mid-market companies, entrepreneurs, start-up ventures, non-profit organizations and individuals. Our attorneys deliver cross-discipline, one-stop, commercial law and government affairs counsel. Our dedication to clients, innovative thinking and practical solutions based in sound business and legal judgments are at the heart of our practice. For more information, visit mcdonaldcarano.com, call 775.788.2000 (Reno office), or 702.873.4100 (Las Vegas office) or reach us by email at email@example.com.
You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.
I have read this and want to send an email.