KBR Investors Face Nov. 18 Lead Plaintiff Deadline in Suit Over TRANSCOM Contract Termination
The case centers on allegations that KBR concealed months of concerns about its HomeSafe joint venture before U.S. Transportation Command ended the moving contract.
Overview
- Multiple firms, including Rosen Law, Portnoy Law, Levi & Korsinsky, and ClaimsFiler/Kahn Swick & Foti, are urging investors to seek counsel as the case proceeds in the Southern District of Texas.
- The putative class covers purchases of KBR securities from May 6, 2025 through June 19, 2025.
- The complaint alleges KBR and certain executives made false or misleading statements by downplaying TRANSCOM’s prolonged concerns about HomeSafe’s ability to perform.
- HomeSafe, a joint venture in which KBR holds a 72% economic interest, disclosed receipt of a TRANSCOM termination notice around June 19, 2025.
- KBR’s stock fell $3.85 (7.29%) on June 20, 2025 and another $1.30 (2.65%) on June 23, 2025 after the disclosure, anchoring claimed investor losses.