A lawsuit was filed on behalf of investors in KBR, Inc. (NYSE:KBR) shares over alleged securities laws violations. Deadline: July 3, 2017. NYSE:KBR investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/26/2017 -- The Shareholders Foundation announces that an investor, who purchased shares of KBR, Inc. (NYSE:KBR), filed a lawsuit in Texas over alleged violations of Federal Securities Laws by KBR, Inc. in connection with certain allegedly false and misleading statements made between February 26, 2016 and April 27, 2017.
Investors who purchased shares of KBR, Inc. (NYSE:KBR) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of KBR, Inc. (NYSE:KBR) common shares between February 26, 2016 and April 27, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 26, 2016 and April 27, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that the Company's United Kingdom (subsidiaries had violated applicable bribery and corruption laws, and that as a result of the foregoing, KBR's public statements were materially false and misleading at all relevant times.
On April 28, 2017, the United Kingdom Serious Fraud Office announced that "it has opened an investigation into the activities of KBR, Inc's United Kingdom subsidiaries, their officers, employees and agents for suspected offences of bribery and corruption." It also stated that the "investigation is related to the SFO's ongoing investigation into the activities of Unaoil."
Shares of KBR, Inc. (NYSE:KBR) closed on May25, 2017, at $14.20 per share.
Those who purchased shares of KBR, Inc. (NYSE:KBR) have certain options and should contact the Shareholders Foundation.
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