Berger Montague Files Class Action Suit Against KBR, Inc. for Securities Fraud
Class Action Notice Against KBR, Inc.
In a significant development for investors, the national plaintiffs' law firm, Berger Montague PC, has announced a class action lawsuit concerning KBR, Inc. (NYSE: KBR). This lawsuit is aimed at investors who purchased KBR shares between May 6, 2025, and June 19, 2025. The firm encourages affected investors to review their rights and options regarding this potential class action.
Background of the Case
KBR, headquartered in Houston, Texas, provides a wide range of services including engineering, logistics, and defense contracting. The class action claims that KBR failed to disclose crucial information regarding the performance issues of its joint venture partner, HomeSafe, under a significant contract with the U.S. Department of Defense's Transportation Command (TRANSCOM).
For several months, TRANSCOM had expressed serious concerns about HomeSafe's ability to fulfill its obligations as required by the Global Household Goods Contract. Despite these ongoing issues, KBR publicly assured stakeholders that the partnership was functioning effectively and poised for growth.
Impact on Investors
On June 19, 2025, everything changed when HomeSafe revealed that TRANSCOM decided to terminate their contract. This disclosure came despite HomeSafe’s attempts to resolve delays and other operational challenges. Consequently, the announcement caused KBR's stock to plummet by $3.85 per share, translating to a 7% decline and closing at $48.93 on June 20, 2025. This sharp drop raised alarms among investors who felt misled by KBR's previous statements regarding its joint venture operations.
The firm has set a clear deadline of November 18, 2025, for investors who bought KBR securities during the class period to file and seek appointment as lead plaintiff representatives for the class. This step is critical for those wanting their claims to be recognized and acted upon in the forthcoming legal proceedings.
How to Participate
Investors interested in learning more about their rights or wishing to participate in the class action can contact the firm directly:
- - Andrew Abramowitz, Senior Counsel, Berger Montague: (215) 875-3015, [email protected]
- - Caitlin Adorni, Director of Portfolio & Institutional Client Monitoring Services, Berger Montague: (267) 764-4865, [email protected]
Those who believe they have been impacted by this situation should reach out to discuss their options promptly. The Berger Montague has a strong track record in securities class action litigation, representing both individual and institutional investors over several decades.
About Berger Montague
Founded in 1970, Berger Montague has established itself as a leader in securities class action litigation, with offices across major U.S. cities, as well as in Canada. With over 50 years of experience, the firm specializes in defending the rights of investors that have suffered losses due to misleading corporate behavior and fraud. This case against KBR is just one example of their continuous commitment to advocate for shareholders and hold corporations accountable.
As the legal proceedings develop, KBR investors must stay informed and proactive. As the deadline approaches, it becomes increasingly important for affected individuals to stand up for their rights and seek the justice they deserve.
Topics Financial Services & Investing）
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