In their quarterly SEC filing for the period ending October 26, Barnes & Noble reported that just before the close of their second quarter, on October 16, the SEC notified the company that it was being investigated. The agency’s New York office is looking into: “(1) the Company’s restatement of earnings announced on July 29, 2013, and (2) a separate matter related to a former non-executive employee’s allegation that the company improperly allocated certain Information Technology expenses between its Nook and Retail segments for purposes of segment reporting.” BN says it “is cooperating with the SEC, including responding to requests […]
