Zeldes Haeggquist & Eck, LLP Announces Investigation of Barnes & Noble, Inc. (NYSE: BKS)
Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into Barnes & Noble, Inc. (“Barnes & Noble” or the “Company”) (NYSE: BKS) to determine whether the Company’s Officers and Directors have breached their fiduciary duties owed to the Company and its shareholders.
On July 29, 2013, Barnes & Noble announced a restatement of its financial results for the fiscal years 2011 and 2012. Then on December 5, 2013, the Company disclosed that it is under investigation by the Securities and Exchange Commission (“SEC”) in connection with the previously announced restatement of earnings. Barnes & Noble also announced that the SEC is investigating a former employee’s allegations that the Company improperly allocated Information Technology expenses between its NOOK and retail segments for purposes of segment reporting. Upon these revelations, the price of Barnes & Noble shares dropped significantly. We are investigating whether the Officers and Directors of Barnes & Noble breached their fiduciary duties owed to the Company and its shareholders in connection with the matters under investigation.
What You Can Do
If you are a long term Barnes & Noble shareholder, you may have legal claims against Barnes & Noble Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber L. Eck at (619) 342-8000 or via email at firstname.lastname@example.org.