After analysts downplayed the SEC investigation of accounting problems at Barnes & Noble, the company's stock rose 1.8%, to $14.69, yesterday. Still, that represented only a small part of B&N's 12% drop in share price on Friday, when news spread about the SEC move.
At the same time, several more law firms specializing in "shareholder lawsuits" announced that they are investigating B&N and seeking information about the accounting problems. The firms include Pomerantz Grossman Hufford Dahlstrom & Gross, Johnson & Weaver, Holzer Holzer & Fistel, Ryan & Maniskas, Bronstein, Gewirtz & Grossman, Morgan & Morgan and the Law Offices of Howard G. Smith.