Shareholders Foundation, Inc.

Deadline Upcoming in $12 Million Settlement in the Barrett Business Services Inc (NASDAQ:BBSI) Investor Lawsuit

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Barrett Business Services Inc (NASDAQ:BBSI) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on March 21, 2017 and NASDAQ:BBSI investors should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 03/20/2017 -- The Shareholders Foundation announces that a deadline is coming up on March 21, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Barrett Business Services Inc (NASDAQ:BBSI) between February 12, 2013 and March 9, 2016.

Investors who purchased a significant amount of shares of Barrett Business Services Inc (NASDAQ:BBSI) between February 12, 2013 and March 9, 2016, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Barrett Business Services Inc (NASDAQ:BBSI) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/barrett-business-services-inc-nasdaq-bbsi-investor-securities-class-action-lawsuit-11062014

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is March 21, 2017. The class action administrator for this case is Garden City Group LLC.

The lawsuit was originally filed in the U.S. District Court for the Western District of Washington against Barrett Business Services Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 12, 2013 and October 29, 2014. According to the complaint the plaintiff alleges on behalf of purchasers of Barrett Business Services Inc (NASDAQ:BBSI) common shares between February 12, 2013 and October 29, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 12, 2013 and October 29, 2014 the defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that Barrett Business Services Inc under accrued its self-insured workers' compensation reserves, that as a result, Barrett Business Services Inc overstated its earnings, that Barrett Business Services Inc lacked adequate internal and financial controls, and that, as a result of the foregoing, defendants' statements were materially false and misleading at all relevant times.

Those who purchased shares of Barrett Business Services Inc (NASDAQ:BBSI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com