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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) Prnewswire·2025-10-04 02:35

Core Viewpoint - 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, which has led to significant stock price declines following negative news related to a joint venture with HomeSafe Alliance [1][3]. Group 1: Lawsuit Details - Investors have until November 18, 2025, to file lead plaintiff applications in the lawsuit against KBR [1]. - The lawsuit is pending in the United States District Court for the Southern District of Texas, under the case name Norrman v. KBR, Inc., et al., No. 25-cv-04464 [5]. - KBR and its executives are accused of violating federal securities laws by not disclosing critical information during the class period [3]. Group 2: Stock Price Impact - On June 19, 2025, HomeSafe Alliance, a joint venture in which KBR holds a 72% economic interest, announced the termination of a significant contract with the U.S. Department of Defense, leading to a drop in KBR's stock price [4]. - Following the announcement, KBR's shares fell by $3.85, or 7.29%, closing at $48.93 on June 20, 2025 [4]. - The stock experienced further decline, dropping an additional $1.30, or 2.65%, to close at $47.63 on June 23, 2025 [4].