(Bloomberg) Barnes & Noble Inc. tumbled the most in more than three months on Friday after disclosing an investigation by the U.S. Securities and Exchange Commission into its restatement of earnings and a former employee’s allegation of improper accounting.
The shares fell 12 percent to $14.43 at the close in New York for the biggest one-day decline since August 20. Barnes & Noble dropped 4.4 percent this year.
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