HomeSafe Alliance Global Household Goods Contract
Search documents
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of KBR
Newsfile· 2025-11-16 12:58
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 NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of KBR
Globenewswire· 2025-10-30 15:08
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against KBR, Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by November 18, 2025 [4][6]. Group 1: Allegations Against KBR - The complaint alleges that KBR and its executives made false and misleading statements regarding the HomeSafe's ability to fulfill the Global Household Goods Contract, despite knowing about the U.S. Department of Defense's concerns [6]. - The lawsuit claims that KBR's statements about its business operations and prospects were materially false and misleading, leading to investor damages when the truth was revealed [6]. Group 2: Stock Price Impact - Following the announcement of the termination of 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 [7]. - 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 [7]. Group 3: Legal Process and Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members, overseeing the litigation on behalf of the class [8]. - Any member of the class can move to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [8].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of KBR
Prnewswire· 2025-10-02 14:53
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against KBR, Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by November 18, 2025 [1][2]. Group 1: Allegations Against KBR - The complaint alleges that KBR and its executives made false and misleading statements regarding the HomeSafe's ability to fulfill the Global Household Goods Contract, despite knowing about the U.S. Department of Defense's concerns [2]. - The lawsuit claims that KBR's statements about its business operations and prospects were materially false and misleading, leading to investor damages when the truth was revealed [2]. Group 2: Stock Price Impact - Following the announcement of the termination of the Global Household Goods Contract by HomeSafe, KBR's stock price fell by $3.85 per share, or 7.29%, closing at $48.93 on June 20, 2025 [3]. - 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 [3]. Group 3: Legal Proceedings - 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 [4]. - Faruqi & Faruqi encourages anyone with information regarding KBR's conduct to come forward, including whistleblowers and former employees [4].