Barnes & Noble lower after disclosing SEC probe

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Shares of Barnes & Noble (BKS -5.2%) are under selling pressure after the company discloses it is the subject of a SEC probe on its accounting practices.

The company was notified on October 13 that the SEC would investigate the restatement of earnings announced on July 29, 2013. A different matter related to allegations of an ex-employee on how IT expenses are reported for Nook and the retail segment will also be looked into.

SEC Form 10-K