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TMCNet:  Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Barnes & Noble, Inc.

[December 09, 2013]

Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Barnes & Noble, Inc.

BENSALEM, Pa. --(Business Wire)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Barnes & Noble, Inc. ("Barnes & Noble" or the "Company") (NYSE:BKS) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Barnes & Noble concerning the Company's operations and financial performance.

Barnes & Noble operates as a content, commerce and technology company in the United States, providing access to books, magazines, newspapers and other content through its multi-channel distribution platform, including digital content through its NOOK® e-reader devices. The investigation is related to the Company's December 5, 2013, disclosure that on October¬†16, 2013, the Securities and Exhange Commission notified the Company that the SEC (News - Alert) had commenced an investigation into Barnes & Noble's July¬†29, 2013, restatement of earnings. The Company further disclosed that the SEC also is investigating a separate matter related to a former Barnes & Noble employee's allegation that the Company improperly allocated certain Information Technology expenses between its NOOK and Retail segments for purposes of segment reporting. Following this news, the price of Barnes & Noble stock declined $1.96 per share, to a closing price of $14.43 per share on December 6, 2013, on unusually heavy trading volume.


If you purchased Barnes & Noble common stock, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.


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