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Thursday 24th April

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Barnes & Noble Sued By Shareholder Over Restatement

Posted at 1:48PM Thursday 19 Dec 2013

David Shaev has, accused company directors of breach of fiduciary duty and abuse of power in the lawsuit filed yesterday in New York state Supreme Court in Manhattan. Shaev asked a judge to order Barnes & Noble to improve its corporate governance and internal procedures, saying the restatement and the accounting allegations are "only two symptoms of a pervasive deficiency of internal controls."

Bloomberg




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