Legal News, December 2020
Former B&N CEO Demos Parneros has settled his lawsuit against the company. An agreement was reached less than a week before a planned pre-trial conference. The settlement terms were not disclosed, but each party will pay their own court costs and fees. Parneros sued for breach of contract and defamation of character in August 2018, and added additional claims later that year. He was fired on July 3, 2018 for “violations of the company’s policies,” with no specifications given; Parneros claimed he was fired over conflicts with chairman Len Riggio. He sought more than $4 million in se...