Another lawsuit against KBR on behalf of shareholders.
SAN DIEGO, CA (Shareholders Foundation) — Investors in Halliburton Company (Public, NYSE:HAL) and KBR, Inc. Public, NYSE:KBR) have filed at least two separate lawsuits on behalf of current investors in Halliburton Company Public, NYSE:HAL) in Texas state court on Thursday, May 14, 2009 against certain one-time Halliburton subsidiary KBR, Inc. executives and officers and others alleging that poor oversight and lack of internal controls enabled a pervasive environment of misdeed and corruption, resulting in enforcement actions and substantial government penalties that have severely damaged investors’ holdings. (click HERE to read the rest of the article)
I do believe that was on my list of things I wanted to see happen for 2009. That makes two now…I guess I can check that off!
Ms Sparky
