Barrett Business Services Inc.
Robbins Arroyo LLP Is Investigating the Officers and Directors of Barrett Business Services, Inc. (BBSI) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Barrett Business Services, Inc. (NASDAQGS: BBSI) violated federal securities laws by issuing materially misleading business information to the investing public. Barrett provides business management solutions for small and medium-sized companies in the United States.
Barrett Suffers Significant Stock Price Decline
On November 9, 2015, Barrett announced on Form 8-K that the Audit Committee of its Board of Directors had received written notice from its independent public accounting firm, Moss Adams LLP, that the company’s unaudited interim consolidated financial statements as of June 30, 2014, and for the periods then ended, could no longer be relied upon, and that Moss Adams would be unable to complete its review of the company’s quarterly financial statements as of September 30, 2015, by the filing due date. Moss Adams requested that the Audit Committee conduct an independent investigation regarding Barrett’s workers’ compensation expense reserve as an illegal act may have occurred as a result of Moss Adams not having all available information in the course of its review of the company’s financial statements in the 2014 second quarter Form 10-Q. On this news, Barrett’s stock fell $14.28, or nearly 30%, to close at $38.47 per share on November 10, 2015.
Barrett Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.