B&N Settles Stock Option Lawsuits

  • SHARES

By Carmen Comments

Reuters reports that Barnes & Noble agreed to pay $2.75 million to settle shareholder lawsuits alleging the book retailer improperly dated certain stock option grants.

According to the settlement, which covers all shareholder suits pending in state and federal court, Barnes & Noble has agreed to institute certain corporate governance and internal control measures and pay plaintiffs’ counsels’ fees and expenses, but has not admitted any liability.