Barnes & Noble discloses SEC probe

New York -- Barnes & Noble Inc. said is cooperating with a U.S. Securities and Exchange Commission investigation into its accounting.

The SEC notified the bookseller Oct. 16 that it was investigating the company's restatement of earnings announced in July.
 
The agency’s New York regional office also said it was looking into a former non-executive employee's allegation that the company improperly allocated certain expenses between its Nook e-reader and retail businesses.