|[January 24, 2014]
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of Barnes & Noble, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of New York on behalf of a class (the "Class") comprising all purchasers
of the securities of Barnes
& Noble, Inc. ("Barnes & Noble" or the "Company") (NYSE:BKS)
between July 27, 2012 and December 5, 2013, inclusive (the "Class
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY
BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR
AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
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. The
Complaint alleges that during the Class Perio the defendants issued
materially false and misleading statements concerning the Company's
operations and financial performance.
On December 5, 2013, Barnes & Noble revealed that the Securities and
Exchange Commission had notified the Company on October 16, 2013, that
the SEC (News - Alert) had commenced an investigation into Barnes & Noble's past
accounting, including its decision announced July 29, 2013, to restate
its fiscal 2011 and 2012 earnings. The Company further disclosed that
the SEC was reviewing a former employee's allegations that Barnes &
Noble had improperly allocated "certain information technology expenses"
between its Nook and consumer bookstore group in its financial
reporting, and that after a review of Barnes & Noble's deferred tax
assets and liabilities, it had "concluded" that a deferred tax liability
should be reversed.
If you are a member of the Class described above, you may move the Court
no later than March 10, 2014 to serve as lead plaintiff; however, you
must meet certain legal
requirements. To be a member of the Class you need not take any
action at this time; you may retain counsel of your choice or take no
action and remain an absent member of the Class. If you wish to learn
more about this action or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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