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Former CEO sues B&N for defamation

Former Barnes & Noble (B&N) CEO Demos Parneros has sued the retailer, charging it with breach of contract and defamation, reports Publishers Weekly.

A lawsuit filed on 28 August included the news that a deal to sell B&N to another book retailer fell through in June.

As previously reported, B&N fired Parneros in July for unspecified violations to the company’s policies, after just 14 months in the role. In the lawsuit, Parneros claims that the nature of his firing, along with the current employment environment, led the public to assume that he was fired because of sexual misconduct. Parneros denies this was the case.

Parneros accuses B&N chairman Len Riggio of engineering Parneros’ firing, and claims that the nature of the firing left him ‘unhirable’. Parneros’ complaint demands that B&N pay him more than US$4 million (A$5.4 million) in severance for being dismissed without cause, as well as damages for the loss of potential earnings, mental anguish and other damages. Parneros is also seeking to have B&N clear his name.

The B&N board has issued a statement firmly rejecting all charges in Parneros’ lawsuit, calling the suit ‘nothing but an attempt to extort money from the Company by a CEO who was terminated for sexual harassment, bullying behaviour and other violations of company policies after being in the role for approximately one year’.



Category: International news