NEW YORK, Nov. 11, 2014 /PRNewswire/ --
Barrett Business Services, Inc.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duties by the board of Barrett Business Services, Inc. ("BBSI"). Specifically, on October 28, 2014, BBSI announced, among other things, that BBSI had a net loss of $37.8 million for its 2014 fiscal third quarter. According to BBSI, this loss was driven by an $80 million pretax increase in workers' compensation reserves, which effectively wiped out BBSI's past five years of pretax earnings.
For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an e-mail including your contact information to: info@jlclasslaw.com.
Bio-Rad Laboratories, Inc.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duties by the board of Bio-Rad Laboratories, Inc. ("BIO"). Specifically, on November 3, 2014, it was disclosed that BIO has agreed to pay $55 million to settle U.S. criminal and civil charges of paying kickbacks to government officials in Russia, Vietnam and Thailand.
For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an e-mail including your contact information to: info@jlclasslaw.com.
Pingtan Marine Enterprise Ltd.
Lifshitz & Miller announces an investigation into possible claims against certain officers and/or board members of Pingtan Marine Enterprise Ltd. ("PME"). Specifically, on November 6, 2014, PME announced, among other things, that PME will restate its previously issued annual financial statements for the years ended December 31, 2013 and 2012, and for the periods ended March 31, 2014 and 2013, and June 2014 and 2013 primarily to reflect 20 fishing vessels leased from a related party. This restatement had the effect of reducing total assets by $188 million and stockholder's equity by $187 million at December 31, 2013.
For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an e-mail including your contact information to: info@jlclasslaw.com.
Rayonier Inc.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duties by the board of Rayonier Inc. ("RYN"). Specifically, on November 10, 2014, RYN announced, among other things, that it was restating financial results for the first and second quarters of 2014 to correct understatements in depletion expense and corresponding overstatements in income from continuing operations.
For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an e-mail including your contact information to: info@jlclasslaw.com.
Salix Pharmaceuticals, Ltd.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duties by the board of Salix Pharmaceuticals, Ltd. ("SLXP"). Specifically, between November 6 and 7, 2014, Salix disclosed that its CFO had resigned, its reserves for outstanding inventory were understated resulting in Salix quarterly and annual net revenue and earnings per share figures being overstated, and that Salix's disclosure controls and procedures and its internal controls over financial reporting and accounting were subject to material weaknesses.
For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an e-mail including your contact information to: info@jlclasslaw.com.
ATTORNEY ADVERTISING. © 2014 Lifshitz & Miller. The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: info@jlclasslaw.com
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