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KBR SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against KBR, Inc. - KBR
KBRKBR(US:KBR) Globenewswireยท2025-09-25 15:25

Core Points - KBR, Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from May 6, 2025, to June 19, 2025 [1][3] - The lawsuit is pending in the United States District Court for the Southern District of Texas, with a deadline of November 18, 2025, for investors to file lead plaintiff applications [1][5] - The lawsuit is linked to a significant drop in KBR's stock price following the termination of a contract by HomeSafe Alliance, a joint venture in which KBR holds a 72% economic interest [4] Company Information - HomeSafe Alliance, a joint venture of KBR, was awarded a contract by the U.S. Department of Defense to improve the military move system but had the contract terminated, leading to a notable decline in KBR's stock price [4] - Following the contract termination announcement, KBR's shares fell by $3.85 (7.29%) to close at $48.93 on June 20, 2025, and further declined by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4] Legal Context - The case is identified as Norrman v. KBR, Inc., et al., No. 25-cv-04464, highlighting the legal implications for KBR and its executives regarding the alleged failure to disclose critical information [5]