Deals
Barnes & Noble Wins Dismissal of 4 Directors From Lawsuit
This article is for subscribers only.
Barnes & Noble Inc., the biggest U.S. bookstore chain, won a judge’s dismissal of four company directors alleged to have unfairly sided with founder Leonard Riggio in the company’s $596 million buyout of his college-textbook firm.
Two other people named in a lawsuit, former directors Lawrence S. Zilavy and Michael J. Del Giudice, must stand trial along with the chairman and founder, Delaware Chancery Court Judge Leo Strine ruled today at a hearing in Wilmington.