KBR, Inc. Faces Class Action Lawsuit Following TRANSCOM Contract Cancellation
KBR, Inc. Faces Securities Class Action Amid TRANSCOM Contract Termination
A significant legal action has been launched against KBR, Inc. (NYSE: KBR), as shareholders claim the company misled them before a critical military contract's abrupt cancellation. The lawsuit, known as Norrman v. KBR, Inc., was filed by the national shareholder rights firm Hagens Berman following a steep drop in KBR's stock price after the termination of a multi-billion-dollar deal.
During this tumultuous period, KBR allegedly provided assurances regarding its partnership with HomeSafe Alliance, a joint venture responsible for managing the U.S. Transportation Command's (TRANSCOM) global household goods contract. The class-action suit claims that executives gave a misleadingly rosy outlook about the partnership just before its collapse, which ultimately resulted in financial losses for investors.
The lawsuit covers a class period from May 6 to June 19, 2025. KBR's officials noted that the HomeSafe partnership was
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