A certified class of shareholders was recently granted preliminary approval of a $10.5 million settlement by a Texas federal judge. The case involves a class action suit accusing the engineering and construction services company of committing securities fraud by overstating its earnings. Well-known attorney Tom Ajamie of Ajamie, LLP, as well as Louis Gottlieb of Labaton Sucharow LLP and John Rizio-Hamilton of Bernstein Litowitz Berger & Grossman LLP represented the class of shareholders.
Read the full article here: KBR To Shell Out $10.5M In Deal With Investors Over Losses