Building & Construction Trades Unions File SEC Complaint
Attorneys for the Building and Construction Trades Department (BCTD) AFL-CIO filed a complaint on Aug. 10 with the Securities and Exchange Commission charging one of the biggest temporary employment agencies with making "seriously misleading statements" to the SEC and to investors in the publicly-held company.
The complaint alleges that Labor Ready Inc., which operates 839 offices in 49 states, Puerto Rico, Canada and the United Kingdom, has continually reported that its "more mature" offices are showing increased revenues, when exactly the opposite may be true.