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Johnson Fistel Investigates Barnes & Noble Education, Inc. Over Accounting Irregularities and Financial Restatement

1. Johnson Fistel investigates possible securities law violations by BNED. 2. BNED may have overstated accounts receivable by up to $23 million. 3. Stock price dropped about 21% after disclosure of financial issues. 4. Internal investigation invalidated previous financial statements for several quarters. 5. Attributing issues to a payment processing employee's actions and revenue criteria failures.

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FAQ

Why Very Bearish?

The severe stock drop following disclosures indicates a lack of investor confidence. Historical precedents show that significant financial misreporting often leads to long-term stock price declines.

How important is it?

The investigation can lead to potential class action lawsuits and further scrutiny, significantly affecting BNED's market valuation.

Why Long Term?

Ongoing investigations and restatements typically have lasting negative effects on stock performance. Historical examples demonstrate stocks take time to recover from similar situations.

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BKSAMZNWMT
SAN DIEGO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims for investors of Barnes & Noble Education, Inc. (“Barnes & Noble”) (NYSE: BNED) over possible violations of federal securities laws. Background:On July 18, 2025, Barnes & Noble Education announced that management had been alerted to issues concerning how the company recorded the cost of digital sales. The company stated that this may have resulted in an overstatement of up to $23 million in accounts receivable as of its May 3, 2025 fiscal year-end.Following this disclosure, Barnes & Noble’s stock dropped sharply, losing $2.36 per share, or about 21%, to close at $8.87 on July 21, 2025.Later, on August 29, 2025, the company revealed that an internal investigation had concluded its previously issued financial statements—from the fiscal year ended April 27, 2024 through the quarter ended January 25, 2025—should no longer be relied upon. Barnes & Noble also provided preliminary details regarding the impact of the expected restatement, attributing the problems in part to “the actions of a payment processing employee” and the recognition of certain sales that failed to meet established revenue criteria. About Johnson Fistel, PLLPJohnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in securities class actions and shareholder derivative lawsuits, including foreign investors who purchase on U.S. exchanges. In 2024, the firm was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.7 million for clients where it served as lead or co-lead counsel. For more information, visit www.johnsonfistel.com Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact:Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq.(619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com 

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