|[February 28, 2014]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against BARNES & NOBLE, INC. and Its Board of Directors and a Lead Plaintiff Deadline of March 10, 2014
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of New York on behalf of investors who purchased Barnes & Noble, Inc.
("Barnes & Noble" or the "Company") (NYSE:BKS) stock between February
25, 2013 and December 5, 2013.
For more information, click here: http://zlk.9nl.com/barnes-noble-bks.
The complaint alleges that defendants misrepresented and/or failed to
disclose that: (a) the Company's Nook e-reader sales had drastically
declined; (b) the Company would cease Nook manufacturing; (c) the
carrying value of Nook assets wereimpaired by millions and its
inventory overstated by $133 million; (d) the Company was expecting
fiscal 2014 retail losses in high single digits; (e) the Company had
over-accrued certain accounts receivables; (f) the Company was unable to
provide timely audited financial results for fiscal 2013; and (g) the
Company may be forced to restate its previously reported financial
On October 16, 2013, it was announced that the Securities and Exchange
Commission was investigating Barnes & Noble in relation to its past
If you suffered a loss in Barnes & Noble you have until March 10, 2014
to request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/barnes-noble-bks.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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