⁍ Barnes & Noble and former CEO Demos Parneros end litigation over his July 2018 firing.

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⁍ Parneros had sued Barnes & Noble in August 2018 for more than $4 million in severance plus other damages.

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⁍ Barnes & Noble countersued two months later, saying Parneros breached his duties of loyalty and good faith.

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⁍ On Sept. 3, U.S. District Judge Mary Kay Vyskocil dismissed Parneros’ defamation claim.

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– Barnes & Noble and Demos Parneros, the former CEO who was fired in July after just 14 months on the job, have ended their legal battle. In a Monday filing, the bookseller and Parneros asked a Manhattan federal judge to dismiss all claims and counterclaims with prejudice, meaning they cannot be brought again, per Reuters. A final pretrial conference had been scheduled for Nov. 6. Parneros had sued Barnes & Noble in August 2018 for more than $4 million in severance plus other damages, saying the company and Leonard Riggio, its founder and largest shareholder, made up reasons to fire him after just 14 months on the job. Barnes & Noble countersued two months later, saying Parneros breached his duties of loyalty and good faith by harassing the employee, bullying its chief financial officer, and trying to ‘sabotage’ a sale of the company that would cost him the chief executive role. Parneros denied Barnes & Noble’s accusations. On Sept. 3, US District Judge Mary Kay Vyskocil dismissed Parneros’ defamation claim but found ‘triable issues’ concerning whether Barnes & Noble acted in good faith by firing him 11 days before he was to receive a $3.6 million equity award. Affiliates of Elliott Management Corp bought Barnes & Noble in Aug. 2019 for about $476 million in cash excluding assumed debt, according to regulatory filings.