An investigation for shareholders in NYSE:KBR shares concerning potential breaches of fiduciary duty was announced.

San Diego, CA -- (SBWire) -- 10/20/2015 --An investigation for shareholders in NYSE:KBR shares was announced concerning potential wrongdoing by certain directors of KBR, Inc.

Shares of KBR, Inc. declined from as high as $36.10 per share in May 2013 to as low as $14.00 per share in March 2015.

Investors who are current long term shareholders in KBR, Inc. (NYSE:KBR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims for purchasers of the securities of [KBR, Inc. (NYSE:KBR) concerning whether certain statements by regarding KBR's business, its prospects and its operations were materially false and misleading at the time they were made. More specifically, the investigation by a law firm concerns whether certain KBR directors breached their fiduciary duties and caused damage to the company and its NYSE:KBR stockholders.

On May 5, 2014, KBR Inc announced that the Audit Committee of KBR Inc's Board of Directors has concluded that the company's previously issued condensed consolidated financial statements for the year ended December 31, 2013, should no longer be relied upon and should be restated.

On May 9, 2014, a lawsuit was filed against KBR Inc over alleged securities laws violations. The plaintiff claimed defendants allegedly misrepresented and/or allegedly failed to disclose that: KBR Inc had improperly estimated costs to complete certain contracts, that KBR Inc's revenue and financial results were overstated as a result of accounting errors in timing the recognition of revenues and from understating its income tax provision, that KBR Inc's financial statements were not prepared in accordance with Generally Accepted Accounting Principles, that KBR Inc lacked adequate internal and financial controls, and that as a result of the foregoing, KBR Inc's financial statements were materially false and misleading at all relevant times.

KBR, Inc. reported that its annual Total Revenue declined from over $9.1 billion in 2011 to $6.36 billion in 2014 and that its Net Income of $480 million in 2011 fell to a Net Loss of over $1.26 billion in 2014.

On October 19, 2015, NYSE:KBR shares closed at $18.46 per share.

Those who purchased shares of KBR, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com