Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against KBR, Inc. related to alleged violations of federal securities laws, urging affected investors to contact them before the November 18, 2025 deadline for lead plaintiff applications in a federal securities class action [2][5]. Group 1: Allegations Against KBR - The complaint alleges that KBR and its executives made false and misleading statements regarding the Global Household Goods Contract with the U.S. Department of Defense's Transportation Command (TRANSCOM), despite being aware of material concerns about HomeSafe's ability to fulfill the contract [5]. - The lawsuit claims that KBR's statements about its business operations and prospects were materially false and misleading, leading to investor damages when the true information became public [5]. Group 2: Stock Price Impact - Following the announcement of TRANSCOM's notice to terminate the Global Household Goods Contract, KBR's stock price fell by $3.85 per share, or 7.29%, closing at $48.93 on June 20, 2025 [6]. - On the next trading day, KBR's stock experienced an additional decline of $1.30, or 2.65%, closing at $47.63 on June 23, 2025 [6]. Group 3: Legal Process and Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is also adequate and typical of class members, overseeing the litigation on behalf of the class [7]. - Any member of the putative class can move the court to serve as lead plaintiff or choose to remain an absent class member, with their ability to share in any recovery unaffected by this decision [7].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of KBR