Mealey's Litigation Procedure - Defendants In Stock-Drop Suit Seek Dismissal Of Federal Securities Law Claims

Mealey's Litigation Procedure - Defendants In Stock-Drop Suit Seek Dismissal Of Federal Securities Law Claims

HOUSTON - Defendants in a securities class action lawsuit against a worldwide provider of professional services and technologies within the government services and hydrocarbons industries on Dec. 4 asked a federal judge in Texas to dismiss federal securities law claims because shareholders failed to plead a material misrepresentation, scienter of loss causation (In re KBR Inc. Securities Litigation, No. 17-1375, S.D. Texas).

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