Barnes & Noble Turns the Page on an Ugly Shareholder Lawsuit
Filed under: Company News, Media, Barnes & Noble, Books
A thorny corporate governance issue at Barnes & Noble (BKS) is finally going away.
A shareholder-initiated lawsuit has been settled as Leonard Riggio — the leading bookseller’s founder and chairman — agreed to give up $29 million from the sale of his college bookstore business back to the company three years ago.
Investors scoffed at the $514 million deal at the time. Snapping up a chain watching over hundreds of college bookstores seemed like a step back as campuses were starting to…
Barnes & Noble Turns the Page on an Ugly Shareholder Lawsuit originally appeared on DailyFinance.com on 2012-06-14T14:05:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/06/14/barnes-and-noble-turns-the-page-on-an-ugly-shareholder-lawsuit/