GlobeNewswire News Room·2025-08-21 18:40Core Viewpoint - Barnes & Noble Education, Inc. is under investigation for potential securities fraud and unlawful business practices, particularly related to the recording of digital sales costs and accounts receivable [1][3]. Group 1: Investigation Details - Pomerantz LLP is investigating claims on behalf of investors of Barnes & Noble, focusing on whether the company and its officers/directors engaged in unlawful practices [1]. - The investigation was prompted by a delay in the annual report for the fiscal year ended May 3, 2025, due to concerns over the recording of digital sales costs [3]. - Initial findings suggest that Barnes & Noble may have overstated accounts receivable by up to $23 million and expects to report at least one material weakness related to manual journal entries [3]. Group 2: Market Reaction - Following the announcement of the investigation, Barnes & Noble's stock price dropped by $2.36 per share, representing a decline of 21.02%, closing at $8.87 per share on July 21, 2025 [4].