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BNED INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigating Barnes & Noble Education, Inc. on Behalf of Barnes & Noble Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-20 20:31
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Barnes & Noble Education, Inc. for possible violations of federal securities laws and unlawful business practices [1][3]. Group 1: Investigation Details - The investigation is prompted by a delay in Barnes & Noble's annual report for the fiscal year ended May 3, 2025, due to an ongoing inquiry into 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, or 21.02%, closing at $8.87 per share on July 21, 2025 [4]. Group 3: Legal Support - Investors who have suffered losses and wish to discuss their legal rights are encouraged to contact Bragar Eagel & Squire, P.C. for assistance [1][5].
东旭集团因证券违法行为被重罚
Jin Rong Shi Bao· 2025-06-13 01:40
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed severe penalties on Dongxu Group for long-term financial fraud, with significant fines for its actual controller, Li Zhaoting [1][2][4] Group 1: Penalties and Regulatory Actions - Dongxu Group received a fine of approximately 580 million yuan from Hebei Securities Regulatory Bureau for false disclosures and fraudulent bond issuance [2] - Li Zhaoting was fined around 590 million yuan and banned for life from the securities market along with four other individuals [2] - Dongxu Blue Sky and Dongxu Optoelectronics, both of which have been delisted, also faced penalties for failing to disclose annual reports and for significant omissions in their disclosures [3][4] Group 2: Financial Misconduct Details - From 2015 to 2019, Dongxu Group inflated revenues by a total of 478.25 billion yuan and profits by 130.01 billion yuan [4] - Dongxu Optoelectronics alone inflated revenues by 167.6 billion yuan and profits by 56.27 billion yuan [4] - The fraudulent activities included deceptive practices to obtain approvals for stock and bond issuances, raising 75.65 billion yuan and 3.5 billion yuan respectively through these means [4] Group 3: Regulatory Environment and Trends - The CSRC has intensified its crackdown on financial fraud, with 128 cases investigated in 2024 alone, focusing on various fraudulent practices [7] - The regulatory approach emphasizes strict monitoring and enforcement, with over 600 penalties issued to more than 300 listed companies in 2023 [7] - Financial fraud is viewed as a significant threat to market integrity, prompting ongoing efforts to enhance legal accountability within the capital market [5][6]