KBR(US:KBR) Globenewswire·2025-10-22 20:02Core Viewpoint - KBR, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its partnership with HomeSafe and the ability to fulfill a global household goods contract for the U.S. Department of Defense [3][4]. Summary by Sections Allegations - The complaint alleges that KBR's management was aware of significant concerns from the U.S. Department of Defense regarding HomeSafe's capability to meet contract obligations but continued to assert that the partnership was functioning well and would improve in future quarters [3]. - As a result, the statements made by KBR regarding its business operations and future prospects were deemed materially false and misleading [3]. Class Action Details - The class period for the lawsuit is defined as May 6, 2025, to June 19, 2025 [3]. - Shareholders who purchased KBR shares during this period are encouraged to register for participation in the class action, with a deadline set for November 18, 2025 [4]. Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [4]. - There is no cost or obligation for shareholders to participate in the lawsuit [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].