The Justice Department said Wednesday that it is joining a lawsuit alleging that employees of KBR Inc. (KBR), the prime contractor for logistical support of U.S. military operations in Iraq, took kickbacks from two freight-forwarding companies.

The department alleged that KBR employees accepted meals, drinks and tickets to sports events and golf outings from freight-forwarding companies Eagle Global Logistics and Panalpina Inc., a unit of Panalpina WeltTransport Ltd (PWTN.EB).

The lawsuit was brought under the federal False Claims Act, which provides financial rewards to litigants who report fraud against the government.

-By Brent Kendall, Dow Jones Newswires; 202-862-9222; brent.kendall@dowjones.com
KBR (NYSE:KBR)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more KBR Charts.
KBR (NYSE:KBR)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more KBR Charts.