Core Viewpoint - The Portnoy Law Firm has initiated an investigation into potential securities fraud involving Barnes & Noble Education, Inc. and may file a class action on behalf of affected investors [1][3]. Group 1: Investigation and Allegations - The investigation is prompted by concerns raised on July 18, 2025, regarding the recording of costs related to digital sales, with management believing there may be an overstatement of up to $23.0 million in accounts receivable as of May 3, 2025 [3]. - The law firm encourages investors who lost money to contact them for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Market Reaction - Following the announcement of the potential overstatement, Barnes & Noble's stock price fell sharply by $2.36 per share, approximately 21%, closing at $8.87 on July 21, 2025, leading to significant losses for investors [4].
Barnes & Noble Education, Inc. Investors: Company Investigated by the Portnoy Law Firm