NEW YORK, June 16, 2017 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed
against KBR, Inc. (“KBR” or the “Company”) (NYSE:KBR) and certain of its officers. The class action, filed in United
States District Court, Southern District of Texas, Houston Division, and docketed under 17-cv-01840, is on behalf of a class
consisting of investors who purchased or otherwise acquired KBR securities, seeking to recover compensable damages caused by
defendants’ violations of the Securities Exchange Act of 1934.
If you are a shareholder who purchased KBR securities between February 27, 2014 and April 27, 2017, both dates
inclusive, you have until July 3, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the
Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who
inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
[Click here to join this class action]
KBR provides professional services and technologies across the asset and program life-cycle within the
government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services,
Technology & Consulting, and Engineering & Construction.
Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements
regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading
statements and/or failed to disclose that: (i) the Company’s United Kingdom (“UK”) subsidiaries had violated applicable
bribery and corruption laws; and (ii) 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’s Serious Fraud Office confirmed that it had opened an investigation into
“the activities of KBR’s UK subsidiaries, their officers, employees and agents for suspected offences of bribery and
corruption.”
On this news, KBR’s share price fell $1.43, or 9.24%, to close at $14.05 on April 28, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the
premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz,
known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80
years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities
fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on
behalf of class members. See www.pomerantzlaw.com
CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com