Kendall Law Group Investigates KBR, Inc. for Shareholders After Feds File Suit

Kendall Law Group, a national securities litigation firm, is investigating KBR, Inc. (NYSE: KBR) for shareholders in connection to a federal lawsuit filed by the Department of Justice against the Company. The firm is investigating whether KBR breached their fiduciary duties to shareholders when they charged the costs of private security to a government contract. Shareholders of KBR with information about the investigation or who wish to learn about their rights are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On April 1, 2010, a federal lawsuit was filed in Washington DC, alleging violations of the False Claims Act regarding improper costs for private security in Iraq committed by KBR, a Houston, Texas based military contractor. The lawsuit alleges that KBR knowingly included impermissible costs for private armed security in billings it made to the Army during 2003 to 2006. The lawsuit seeks damages for the government for alleged procurement fraud by KBR. Senator Bob Casey, D-Pa., referring to KBR’s “pattern of abuse” said they “must be punished for past behavior and in future contract decisions.” In 2009 KBR pled guilty to bribery of foreign officials and paid $539 million to settle that case.

Kendall Law Group, founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has the experience and credentials to pursue any type of securities litigation in the nation. Kendall Law Group gives shareholders a voice when companies break the law. Protect your rights as a KBR shareholder by calling 877-744-3728.

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