BOSTON, March 10, 2016 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations by Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ: BBSI), a provider of business management solutions. The investigation concerns whether BBSI and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and/or breached their fiduciary duties to BBSI's shareholders.
On March 9, 2016, BBSI announced that its CFO, Jim Miller, was terminated following his revelation to the BBSI audit committee that he made unsupported journal entries in the Company's financial records in each quarter of 2013. The Company also indicated it would have to restate prior results for the fiscal years 2012, 2013 and 2014 and the quarters ended March 31 and June 30, 2015.
Following this news, BBSI shares are trading down over 35% today.
Block & Leviton's investigation seeks to determine, among other things, whether BBSI or its officers and directors have violated the federal securities laws and/or breached their fiduciary duties to their investors. If you have any information relevant to this investigation, or if you have purchased BBSI securities and have questions about your legal rights, please contact attorney Jake Walker of Block & Leviton LLP at (617) 398-5600 or email him at Jake@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors nationwide for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 70 years, recovering billions of dollars on their behalf.
Confidentiality to whistleblowers or others with information relevant to the investigation is assured.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP Jake Walker (617) 398-5600 Jake@blockesq.com
SOURCE Block & Leviton LLP