LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Barrett Business Services Inc. ("Barrett" or the "Company") (Nasdaq: BBSI) concerning the Company’s and its officers’ possible violations of federal securities laws in connection with the Company’s recent disclosure that it would be unable to file its financial reports on time and allegedly lacked adequate controls over financial reporting.
On November 9, 2015, after the market closed, the Company disclosed that its independent auditors notified the Company that certain financial reports ended June 30, 2014 can no longer be relied upon. The auditor discovered issues relating to Barrett’s workers' compensation reserve, and also discovered, “information indicating that an illegal act has or may have occurred with respect to BBSI's workers' compensation expense reserve.”
On this news, the Company’s stock fell $15.40, or nearly 30%, during intraday trading on November 10, 2015, thereby damaging investors.
If you purchased Barrett securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
About the Firm: Glancy Prongay & Murray LLP has represented investors, consumers and employees for 25 years. Based in Los Angeles with offices in New York City and Berkeley, the Firm has successfully prosecuted class action cases and complex litigation in federal and state courts throughout the country. As Lead Counsel or as a member of Plaintiffs’ Counsel Executive Committees, the Firm has recovered billions of dollars for parties wronged by corporate fraud and malfeasance.
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