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.


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