NEW YORK, May 13, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased KBR, Inc. ("KBR" or the "Company") (NYSE:KBR) common stock between April 25, 2013 and May 5, 2014.
For more information, click here: http://zlk.9nl.com/kbr-kbr.
The complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (a) the Company had improperly estimated costs to complete certain contracts; (b) the Company's revenue and financial results were overstated as a result of accounting errors in its timing of recognition of revenues and from understating its income tax provision; (c) the Company's financial statements were not prepared in accordance with Generally Accepted Accounting Principles (GAAP); and (d) the Company lacked adequate internal and financial controls.
If you suffered a loss in KBR you have until July 8, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kbr-kbr.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP