NEW YORK, Dec. 6, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Barnes & Noble, Inc. ("Barnes & Noble" or the "Company")(NYSE: BKS). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Barnes & Noble and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On Friday, December 6, 2013, shares of Barnes & Noble fell on higher than usual volume after the company announced that the Securities and Exchange Commission (SEC) has begun an investigation into the company's accounting practices in response to a restatement of the company's financial statements, and a whistleblower's allegations of accounting fraud at Barnes & Noble.
On this news, shares of Barnes & Noble fell $1.49 per share to $14.90, or more than 9.09%, on intraday trading on December 6, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP