NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of Texas on behalf of all persons or entities who purchased or otherwise acquired KBR, Inc. (NYSE:KBR) securities between February 26, 2016 and April 27, 2017 (the “Class Period”). Investors have until July 3, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the KBR lawsuit, please go to www.bespc.com/kbr-inc. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.