Our coverage is listed below with the newest coverage at the top.
BBSI Fined for Accounting Fraud
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.
FLASH: BBSI CFO Indicted
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.
BBSI Pays Shareholders in Class Action
PEO Barrett Business Services = BBSI – is paying shareholders $12M to settle a class action lawsuit. Get the story here.
BBSI Files 2Q Report On Time
BBSI Under Criminal Investigation by Justice Department
BBSI Facing Delisting
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.
BBSI Audit Finds Troubling Problems
BBSI In Even More Trouble
BBSI's Financials in Question
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…
BBSI Reporting Growth, Progress On Workers’ Comp Claims
Court Upholds Banning PEOs, Temp Firms, and Staffing Companies From Self-Insurance
OSIP Audits Find Nearly $600M In Unreported Liabilities
California Revokes Self-Insurance Certs For BBSI & KimCo
Flash: Details Of BBSI Lending Deal Emerge
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.
BBSI Reaches Lending Agreement
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's Marketing Materials: Truth or Fiction
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 …
BBSI Borrowing Restricted – May Be Unable To Fund Reserves
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.
10 Self Insured Employers In Trouble
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 Admits 62% Under Reserving Thru 2012
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…