After Barnes & Noble acknowledged two SEC investigations into its accounting practices on December 5, a wave of class-action law firms announced “investigations” of their own and asked shareholders to contact them. On Monday two of those firms — Pomerantz and Ryan and Maniskas — both announced the filing of a class action suit against the company, filed in Federal Court in New York’s Southern District. They seek damages from the company and “certain” officers and directors, alleging violations of the securities laws that include “false and/or misleading statements” and a failure “to disclose material adverse facts about the company’s business, […]
