Shares of bookseller fall nearly 2 percent as it receives subpoena, becomes latest company to be investigated over how it awarded stock.
NEW YORK (Reuters) -- Barnes & Noble said on Tuesday that it received a subpoena from the attorney for the Southern District of New York, requesting documents on its stock option practices.
Barnes & Noble has become one of more than 80 companies to say it is being investigated in a quickly spreading scandal over stock options.
The operator of the bookstore chain said it received the subpoena on Friday, making the statement in a brief regulatory filing. It had previously announced it was reviewing stock option practices and said the Securities and Exchange Commission was conducting an informal inquiry with respect to them.
Barnes & Noble said it is cooperating fully with the SEC and intends to cooperate fully in responding to the subpoena.
Shares of Barnes & Noble (down $0.67 to $34.60, Charts) fell 1.8 percent on the New York Stock Exchange in early afternoon trading.
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