Posts tagged class action suit
Lawsuits bring a touch of class action to Barnes & Noble Nook filing debacle
December 10, 2013 | 10:00 am
As reported in Forbes and widely elsewhere, Barnes & Noble's latest quarterly filing includes an item to the effect that the US Securities and Exchange Commission has "commenced an investigation into: (1) the Company’s restatement of earnings announced on July 29, 2013, and (2) a separate matter related to a former non-executive employee’s allegation that the Company improperly allocated certain Information Technology expenses between its NOOK and Retail segments for purposes of segment reporting." Nate Hoffelder and others have withheld judgment on the issue for now. But investors haven't (B&N stock fell 12 percent on the day the news broke, according to Associated Press)....
Class Action Lawsuit Against Amazon and Publishers Misses the Mark
February 21, 2013 | 12:52 pm
According to the Huffington Post, three independent bookstores are filing a class action suit against Amazon and the "Big Six" publishers. Alyson Decker of Blecher & Collins PC, lead counsel acting for the bookstores, described DRM as "a problem that affects many independent bookstores." She said the complaint is still in the process of being served to Amazon and the publishers, and declined to state how it came about, or whether other bookstores had been approached to be party to the suit. "We are seeking relief for independent brick-and-mortar bookstores so that they would be able to sell open-source and DRM-free books that...