March 14, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Barrett Business Services, Inc. (NASDAQ:BBSI) shares over potential securities laws violations by Barrett Business Services and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Barrett Business Services, Inc. (NASDAQ:BBSI) concerning whether a series of statements by Barrett Business Services regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) declined from $98.17 per share in early January 2014 to as low as $21.38 per share in December 2014.

Barrett Business Services, Inc. reported that its annual Total Revenue rose from $532.84 million in 2013 to $636.18 million in 2014 while its Net Income of $17.89 million in 2013 declined to a Net Loss of $27.08 million in 2014.


On March 9, 2016, Barrett Business Services, Inc announced that its CFO, Jim Miller, was terminated following his revelation to the Barrett Business Services, Inc audit committee that he made unsupported journal entries in the Company's financial records in each quarter of 2013. Barrett Business Services, Inc 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.