Troubles Continue to Mount for BBSI

Troubles continue to mount for Barrett Business Services Inc., with NASDAQ threatening to de-list the professional employer organization over a delinquent financial statement for 2015 and shareholders latching onto the company’s recent statements about unreliable annual reports dating back to 2011 as proof that executives intentionally misrepresented workers' comp liabilities. The troubles started in October 2014 when BBSI reported an $80 million boost to its workers’ compensation reserves that wiped out five years of profits. Investors in November 2014 filed a class action su...