Paul Hastings Advises Barnes & Noble Education on Renewed Cooperation Agreement with Outerbridge Capital Management

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Barnes & Noble Education, Inc., a leading solutions provider for the education industry, on its renewed cooperation agreement with Outerbridge Capital Management LLC (Outerbridge).

As part of the agreement, Barnes & Noble Education has agreed to nominate Rory Wallace, Chief Investment Officer of Outerbridge, to election to the Company’s Board of Directors at the 2022 Annual Meeting of Stockholders.

Barnes & Noble Education also announced that it will separate the Chair and CEO roles, effective immediately. Vice Admiral John R. Ryan, the Company’s current lead independent director, has been appointed as Chairman of the Board.

New York partner Eduardo Gallardo and associate Vinnie Buehler advised Barnes & Noble Education on the renewed cooperation agreement.

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. It is one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

Paul Hastings is ranked as one of the top firms in the world in The American Lawyer’s “Premier League” for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.