NEW YORK, Nov. 6, 2014 /PRNewswire/ -- Wolf Popper LLP is investigating potential claims on behalf of investors of Barrett Business Services, Inc. ("Barrett") (NASDAQ: BBSI) during the period between April 25, 2012 and October 28, 2014, concerning possible violations of federal securities laws. Such investors are advised to contact Fei-Lu Qian at 877.370.7703 or fqian@wolfpopper.com.

On September 16, 2014, an analyst published a report, revealing that the Company "may be required to recognize a material charge to substantially increase its loss reserves."  On this news, Barrett common stock declined $8.95 per share or more than 15%, to close at $48.69 per share.

The analyst's allegations were confirmed, when on October 28, 2014, Barrett reported a net loss of $37.8 million for its third quarter ended September 30, 2014, driven by an $80 million pretax increase in workers' compensation reserves, erasing Barrett's past five years of pretax earnings.  This revelation is a stark contrast to Barrett's earlier representations that "based upon facts and other trends associated with the Company's historical universe of claims data," its workers' compensation claims reserves were "reasonable and objective."

On this news, Barrett common stock declined an additional $26.18 per share or nearly 59%, to close at $18.28 per share on October 29, 2014.

Wolf Popper LLP has extensive experience representing shareholders in securities class actions and has successfully recovered billions of dollars for defrauded investors.  The reputation and expertise of the firm in representing shareholders has been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. See www.wolfpopper.com

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Wolf Popper LLP
Fei-Lu Qian
845 Third Avenue
New York, NY 10022
Tel.: 877.370.7703
Fax: 877.370.7704
Email: fqian@wolfpopper.com

SOURCE Wolf Popper LLP