LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased KBR, Inc. (“KBR” or the “Company”) (NYSE: KBR) securities between February 26, 2016 and April 27, 2017, inclusive (the “Class Period”). KBR investors have until July 3, 2017 to file a lead plaintiff motion.
Investors suffering losses on their KBR investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to email@example.com.
On April 28, 2017 the U.K. Serious Fraud Office (the “SFO”) announced an investigation into KBR’s “officers, employees and agents for suspected offenses of bribery and corruption.” On this news, shares of KBR fell over 7% per share during intraday trading on April 28, 2017.
According to the lawsuit, defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) KBR’s United Kingdom subsidiaries had violated applicable bribery and corruption laws; and (2) as a result, KBR’s public statements were materially false and misleading at all relevant times.
If you purchased shares of KBR during the Class Period you may move the Court no later than July 3, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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