Welcome to the settlement website for In re KBR, Inc. Securities Litigation, pending in the United States District Court for the Southern District of Texas, Houston Division.
UPDATE - THE FINAL APPROVAL HEARING DATE HAS CHANGED. The Court will now hold the Final Approval Hearing on August 23, 2017.
The Settlement resolves claims by Court-appointed Lead Plaintiffs and Class Representatives Arkansas Public Employees Retirement System (“APERS”) and the IBEW Local No. 58 / SMC NECA Funds (“IBEW Local No. 58”) (collectively, “Class Representatives” or “Lead Plaintiffs”) that have been asserted on behalf of the Class against KBR, Inc. (“KBR” or the “Company”) and William P. Utt, Susan K. Carter, Dennis S. Baldwin, and Brian K. Ferraioli (collectively, “Defendants”); avoids the costs and risks of continuing the litigation; pays money to eligible Class Members; and releases the Released Defendant Parties from liability.
If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Class consists of:
All persons and entities who purchased or otherwise acquired the publicly traded common stock of KBR during the period from September 11, 2013 through July 30, 2014, inclusive (“Class Period”), and who were damaged thereby. (See paragraph 30 of the Notice).
IMPORTANT DATES AND DEADLINES
|August 19, 2017||Claim Filing Deadline. Claim Forms must be postmarked or received no later than August 19, 2017 to potentially be eligible for a payment from the Settlement.|
|July 4, 2017||Request for Exclusion Deadline. To exclude yourself from the Class, you must submit a written request for exclusion so that it is received no later than July 4, 2017, in accordance with the instructions in the Notice.|
|July 4, 2017||Objection Deadline. Any objections to the proposed Settlement, the proposed Plan of Allocation, and/or the Fee and Expense Application, must be received no later than July 4, 2017, in accordance with the instructions in the Notice.|
|August 23, 2017
at 4:00 p.m.
THE FINAL APPROVAL HEARING DATE HAS CHANGED
|Settlement Hearing. The Court will hold a Settlement Hearing on August 23, 2017 to decide, among other things, whether to finally approve the Settlement. Even if the Court approves the Settlement, there may be appeals which can take time to resolve, perhaps more than a year. It also takes a long time for all of the Claim Forms to be accurately reviewed and processed. Please be patient.|