KBR, Inc.

Period: Feb 26, 2016 to Apr 27, 2017

Lead Plaintiff Deadline: Jul 3, 2017

Summary of Case:

A securities class action has been filed against KBR, Inc. ("KBR ") on behalf all persons who purchased or otherwise acquired KBR securities between Feb 26, 2016 through Apr 27, 2017.  This case has been filed in the USDC - Texas (Southern).

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company inappropriately recognized revenue for certain transactions; (ii) the Company lacked adequate internal controls over financial reporting; and (iii) as a result of the foregoing, PSI's public statements were materially false and misleading at all relevant times.

On August 15, 2016, after the market closed, the Company issued a press release and filed a Current Report on Form 8-K with the Securities and Exchange Commission ("SEC"), announcing that the Company needed additional time to file its quarterly report for the quarter ended June 30, 2016 with the SEC.

On this news, PSI's share price fell $1.52 per share, or 9.85%, to close at $13.91 on August 16, 2016.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.

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