KBR Shows Contempt for Investors With Worthless Updates on a Formal SEC Investigation That’s Now Protracted

Analyst Summary:  After having made the initial disclosures regarding the non-reliance on financial statements made in May-2014, and the announcement shortly thereafter about the SEC having started a related investigation, KBR otherwise only provides cut-and-paste disclosures regarding a formal SEC probe that's now become protracted. The fact a restatement is being investigated this long suggests the parties are fighting over accounting issues. 

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