Updated: Harwood Feffer LLP Announces Investigation of Barrett Business Services, Inc.

Mar 10, 2016, 16:08 ET from Harwood Feffer LLP

NEW YORK, March 10, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Barrett Business Services, Inc. ("BBSI" or the "Company") (NASDAQ: BBSI), concerning whether the board has breached its fiduciary duties to shareholders.

On November 9, 2015, the Company disclosed that the Audit Committee of the Board of Directors had received written notice from BBSI's auditor that the Company's financial statements for the second quarter of 2014 can no longer be relied upon.  The disclosure states the auditor became "aware of information indicating that an illegal act has or may have occurred with respect to the June 30, 2014 workers' compensation reserve." 

On March 9, 2016, the Company disclosed that it would be required to restate its previously issued financial statements for the fiscal years 2012, 2013, and 2014, each quarter of those fiscal years, and the first two quarters of 2015. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own BBSI shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email:  bsachsmichaels@hfesq.com  Website:   http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP



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