Judge Grants Preliminary Approval Of $10.5M Settlement In Stock Drop Suit

Mealey's (April 11, 2017, 2:01 PM EDT) -- HOUSTON — A federal judge in Texas on April 10 granted preliminary approval of a $10.5 million settlement between investors and one of the country’s largest industrial, engineering and construction companies in a securities class action lawsuit alleging that the company and certain of its current and former senior officers misrepresented the company’s business and financial condition in violation of federal securities laws (In re KBR Inc. Securities Litigation, No. 14-1287, S.D. Texas)....