NEW YORK, NY / ACCESSWIRE / March 28, 2016 / Pomerantz LLP is investigating claims on behalf of investors of Barrett Business Services, Inc. ("Barrett Business Services" or the "Company") (NASDAQ: BBSI). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Barrett Business Services and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 9, 2016, Barrett Business Services disclosed that it would restate its previously issued financial statements for the fiscal years ended December 31, 2012, 2013, and 2014, and for the quarters ended March 31 and June 30, 2015. Additionally, Barrett Business Services revealed that its CFO, James D. Miller, had admitted to making unsupported journal entries in Barrett Business Services' financial records during each calendar quarter of 2013 and offered his resignation.
On this news, Barrett Business Services' stock fell $12.16, or 33.3%, to close at $24.36 on March 10, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Beverly Hills, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP