(Reuters) A little-known New York City investment firm and its owner were charged with fraud on Thursday by the U.S. Securities and Exchange Commission for issuing a misleading press release announcing their offer to buy 51 percent of Barnes & Noble Inc.
The SEC said the Feb. 21, 2014 statement from G Asset Management LLC and Michael Glickstein misled investors because it did not disclose that G Asset had no ability to raise the $670 million needed to finance the offer.
