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November 15-30, 2003 Edition News Update
Shareholders Charge B&N.com
With Unfair Dealings
NEW YORK, NY/11/19/03Shareholders of Barnes & Noble.com and Barnes & Noble have filed about a dozen class action lawsuits against the companies, seeking to block Barnes & Nobles move to buy the online store for $2.50 per share.
The suit filed in Delaware, accuses Barnes & Noble of unfair pricing and dealing from its own interests at the expense of the shareholders. Barnes & Noble.com claims the lawsuits have no merit.
An independent committee appointed by B&N.com will evaluate the offer.
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