Cases
KBR, Inc. (NYSE: KBR)
Securities Class Action
Overview
Overview
- Date:
- 5/8/2017
- Company Name:
- KBR, Inc.
- Stock Symbol:
- KBR
- Class Period:
- FROM 2/26/2016 TO 4/27/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of Texas
NEW YORK, May 8, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities who acquired KBR, Inc. (NYSE: KBR) securities between February 26, 2016 and April 27, 2017 (the “Class Period”).
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that KBR’s United Kingdom subsidiaries had violated applicable bribery and corruption laws. Consequently, KBR’s public statements were materially false and misleading throughout the Class Period.
On April 28, 2017, the United Kingdom Serious Fraud Office stated that it has opened an investigation into the activities of KBR’s United Kingdom subsidiaries, their officers, employees, and agents for suspected offenses of bribery and corruption. Following this news, KBR shares fell $1.43 per share, or 9.24%, to close at $14.05 on April 28, 2017.
If you purchased or otherwise acquired KBR securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that KBR’s United Kingdom subsidiaries had violated applicable bribery and corruption laws. Consequently, KBR’s public statements were materially false and misleading throughout the Class Period.
On April 28, 2017, the United Kingdom Serious Fraud Office stated that it has opened an investigation into the activities of KBR’s United Kingdom subsidiaries, their officers, employees, and agents for suspected offenses of bribery and corruption. Following this news, KBR shares fell $1.43 per share, or 9.24%, to close at $14.05 on April 28, 2017.
If you purchased or otherwise acquired KBR securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.