NEW YORK, May 4, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP,
a leading national securities law firm, reminds investors in KBR, Inc. ("KBR" or the "Company") (NYSE:KBR) of the
July 3, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that
has been filed against the Company.
If you invested in KBR stock or options between February 26, 2016 and April 27,
2017 and would like to discuss your legal rights, click here: www.faruqilaw.com/KBR There is no cost or obligation to
you.
You can also contact us by calling Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the Southern District of Texas on
behalf of all those who purchased KBR securities between February 26, 2016 and April 27, 2017 (the "Class Period"). The case, Denenberg v. KBR, Inc. et al, No.17-cv-01375 was
filed on May 3, 2017.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by engaging in activities that
have potentially violated applicable bribery and corruption laws in the United Kingdom.
Specifically, on April 28, 2017, the United Kingdom's Serious
Fraud Office announced an investigation into KBR's "officers, employees and agents for suspected offenses of bribery and
corruption."
After the announcement, KLX's share price fell from $15.84 per share on April 27, 2017 to a closing price of $14.05 on April
28, 2017—a $1.43 or a 9.2% drop].
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who
is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of
the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding KBR's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome
with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated
in a confidential manner.
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SOURCE Faruqi & Faruqi, LLP