Ex-CEO sues Barnes & Noble over his firing


By DEEPTI HAJELA, AP
NEW YORK

The former CEO of Barnes & Noble filed a lawsuit Tuesday against the company, saying the bookseller breached his contract for denying him severance and defamed him by saying he engaged in misconduct, which he denies.

Barnes & Noble said the lawsuit was an extortion attempt, and that Demos Parneros was terminated for sexual harassment and bullying, claims he refuted in his legal papers.

In his suit filed in federal court in Manhattan, Parneros said he had been making positive changes at the company, where he had been CEO since April 2017, but was fired without cause after a deal to sell the company didn’t work out and accused founder Leonard Riggio of being volatile and refusing to let go of control.

When Barnes & Noble announced Parneros’ termination in July, the company said then it was for violating company policies, but didn’t provide specifics other than saying they weren’t financial ones. Parneros was denied severance.

In his suit, Parneros said he was owed severance because he was fired without cause, and also asked for punitive damages.

In a statement, Barnes & Noble said the suit “is nothing but an attempt to extort money from the company by a CEO who was terminated for sexual harassment, bullying behavior and other violations of company policies.” It said the accusations against Riggio are “replete with lies and mischaracterizations.”

Parneros described a situation in his legal papers in which an executive assistant complained about comments Parneros had made in May 2018 in a conversation about a vacation in Canada as well as another conversation in which a discussion about height led him to stand back to back with her. Parneros said when he was initially approached by Riggio about these allegations, he denied making the comments he had been accused of making, as well as insisting there had been no improper touching.

Parneros said in his lawsuit that he had done nothing inappropriate, but that he met with the employee at Riggio’s direction in the presence of another executive and apologized for any discomfort. He said he was told by the other executive and Riggio that it had been handled well.

COMMENTS





Name

Business,743,Careers & Education,3,Investing,14,Markets,10,Money,4,Personal Finance,4,Real Estate,4,Small Business,15,
ltr
item
Business - U.S. Daily News: Ex-CEO sues Barnes & Noble over his firing
Ex-CEO sues Barnes & Noble over his firing
https://2.bp.blogspot.com/-XaXczRo0qvM/W4Yf5ceWfVI/AAAAAAAA7lU/J1e_bzo0Z_EyrLIdrNuKAOatu1bXMq69wCEwYBhgL/s1600/5.jpg
https://2.bp.blogspot.com/-XaXczRo0qvM/W4Yf5ceWfVI/AAAAAAAA7lU/J1e_bzo0Z_EyrLIdrNuKAOatu1bXMq69wCEwYBhgL/s72-c/5.jpg
Business - U.S. Daily News
https://business.dailynews.us.com/2018/08/ex-ceo-sues-barnes-noble-over-his-firing.html
https://business.dailynews.us.com/
https://business.dailynews.us.com/
https://business.dailynews.us.com/2018/08/ex-ceo-sues-barnes-noble-over-his-firing.html
true
8288295252483019008
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy