KBR Fined $2.5 Million

KBR Inc. will pay $2.5 million to settle SEC charges of claiming $459 million in expected revenue though it had no orders for such work, the SEC said Monday.

WASHINGTON (CN) — KBR Inc. will pay $2.5 million to settle SEC charges of claiming $459 million in expected revenue though it had no orders for such work, the SEC said Monday.

Categories / Uncategorized

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.