Our coverage is listed below with the newest coverage at the top.
False Financial Filings…
BBSI aka Barrett Business Services Inc. has been fined by the SEC in a false financial filings investigation. What did they do? How much is it paying? Who else is involved? Get the story here.
BBSI’s - Barrett Business Services’ –former CFO has been indicted over the company’s reporting of its workers' comp costs. How big a debacle is this for the company? Get the story here.
PEO Barrett Business Services = BBSI - is paying shareholders $12M to settle a class action lawsuit. Get the story here.
Barrett Business Services filed its second quarter 2016 financial report in a timely fashion after several prior quarters were delayed. What did the company have to say about its financial performance? Get the story here.
Workers’ Comp Executive Exclusive
The investigations into Barrett Business Services continue to mount even as the company comes into compliance on its reporting obligations. What is the latest on the company's ongoing issues with financial reports? Get the details here.
Troubled PEO BBSI – Barrett Business Services has been notified by NASDAQ that its stock could be delisted. It’s filed financial statements have been decertified, and it has missed deadlines to refile. Get the story here.
After firing its CFO Barrett Business Services launched an investigation by outside auditors and now the results are in. What dirt did they dig up and will it change the company's results? Get the details here.
BBSI's problems continue to mount – may be involve criminality - and have now claimed a key executive. It’s getting darker for the Washington based PEO which is virtually unregulated in California.
BBSI finds itself again in a controversy concerning its finances. This time, its auditors forced the company to issue a statement indicating the potential of an illegal act concerning reserves. How bad is it? Click here to find out…
Barrett Business Solutions announced a major workers' comp reserve charge last fall amid a funding crisis, but has been working to address the underlying issues. What's the latest on its efforts to rein in its workers' comp expenses?
A self-insured employer challenged the constitutionality of an SB 863 reform provision governing who can and cannot be self-insured for workers' comp. What's the impact of the court's decision?
The state's watchdog for self-insured employers says a new look at some old accounts is turning up some troubling facts. What problems are being uncovered and how many millions in liabilities were missing?
The Office of Self Insurance Plans revoked the certificates for two major PEOs at the beginning of the year. And a fight broke out …
Barrett Business Services completed a new financing agreement with its principle bank, but what did the company have to give up to get the deal? Click here for the details.
Barrett Business Services says it reached a deal to fund its $80 million workers' comp reserve charge. How much is it borrowing and at what costs to fill the hole in its reserves?
BBSI has put oout a lot of marketing materials concerning its troubles. Worekrs' Comp Executive examines some of its statements and finds some to be true, and some to be not so true. Click here to read the whole story …
Barrett Business Services' late-filed 10Q financial report for the third-quarter reveals that it’s ability to borrow and perhaps to cover its underfunded reserves is a question. New details about its announced workers' comp reserve charge and the impact it is and could yet have on its operations.
The Office of Self Insurance Plans says a broad industry review not only identified 10 troubled self-insureds, but also found other distinct differences in industry practices. What's up next for the troubled companies? Click here for the full story.
BBSI, the PEO, has taken a major hit to its reserves. Should there be an insolvency employers doing business prior to the ACE fronting arrangement could be on the hook. Read the details here…