KBR Securities Suits Intensify as Firms Urge Investors to Meet Nov. 18 Lead‑Plaintiff Deadline
Plaintiffs allege KBR misled investors about HomeSafe, citing TRANSCOM's termination alongside a $900 million guidance cut.
Overview
- Rosen, KSF, Hagens Berman, Glancy Prongay & Murray, Berger Montague, The Gross Law Firm, and Levi & Korsinsky are recruiting investors for cases covering purchases from May 6 to June 19, 2025.
- The actions stem from HomeSafe’s June 19 disclosure that U.S. Transportation Command terminated the Global Household Goods Contract tied to KBR’s majority‑owned joint venture.
- KBR shares fell $3.85 (7.29%) on June 20 and declined another 2.65% on June 23 following the termination news.
- Complaints contend KBR presented the HomeSafe partnership as trouble‑free despite months of TRANSCOM concerns, including optimistic statements made on May 6.
- The case is pending in the Southern District of Texas as Norrman v. KBR, Inc., No. 25‑cv‑04464, with lead‑plaintiff selection and potential consolidation still ahead.