Securities Fraud Investigation Into Barnes & Noble Education, Inc. (BNED) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Core Viewpoint - Barnes & Noble Education, Inc. is under investigation for potential violations of federal securities laws, following disclosures regarding financial misstatements and overstatements in accounts receivable [1][2][3] Financial Disclosures - On July 18, 2025, Barnes & Noble revealed that it may have overstated its accounts receivable by up to $23.0 million as of May 3, 2025, due to issues related to the recording of digital sales [2] - Following this announcement, the company's stock price dropped by $2.36, or 21%, closing at $8.87 per share on July 21, 2025, impacting investors negatively [2] - On August 29, 2025, the company stated that its previously issued financial statements for the fiscal year ended April 27, 2024, through the quarter ended January 25, 2025, should no longer be relied upon due to internal investigation findings [3] - The preliminary results indicated that the financial restatement was caused by actions of a payment processing employee and the identification of certain sales that did not meet revenue recognition criteria [3]