Harwood Feffer LLP Announces Investigation of Barrett Business Services, Inc.
Nov 6, 2014
NEW YORK, Nov. 6, 2014 /PRNewswire-USNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Barrett Business Services, Inc. ("Barrett" or the "Company") (NASDAQ: BBSI), concerning whether the board has breached its fiduciary duties to shareholders.
On September 16, 2014, an analyst report was published stating that the Company could be required to recognize a significant charge to increase its loss reserves. On October 28, 2014, Barrett reported a net loss of $37.8 million for the third quarter of 2014 caused by an $80 million pretax increase in workers' compensation reserves, erasing Barrett's past five years of pretax earnings.
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 Barrett 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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