NEW YORK, May 23, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against KBR, Inc. (“KBR” or the “Company”) (NYSE:KBR) and certain of its officers, on behalf of shareholders who purchased KBR securities between February 26, 2016 through April 27, 2017, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/kbr.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and failed to disclose that: (1) KBR’s United Kingdom subsidiaries had violated applicable bribery and corruption laws; and (2) consequently, KBR’s public statements were materially false and misleading at all relevant times.
On April 28, 2017, the United Kingdom Serious Fraud Office revealed 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,” and stated that the “investigation is related to the SFO’s ongoing investigation into the activities of Unaoil.” Unaoil is a Monaco-based oil company. Following this news, KBR stock dropped $1.43 per share or over 9% to close at $14.05 per share on April 28, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/kbr or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in KBR you have until July 3, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.