KBR Inc. is based in Houston.
KBR Inc. may be at risk for government penalties related to allegations that employees took kickbacks from military contracts overseas, Reuters reported.
The government joined a whistleblower lawsuit in 2010 that alleged employees in the transportation department of Houston-based KBR (NYSE: KBR) took 317 separate kickbacks for military contracts in Iraq, Afghanistan and Kuwait, worth around $46,000.
The company argued that it should not be held liable for employees' actions ? judges could penalize the company at twice the value of each kickback.
In a federal appeals court Friday, the U.S. Circuit Court of Appeals for the Fifth Circuit said that KBR could, in fact, be found liable for employees' actions under the Anti-Kickback Act.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, power, industrial, civil infrastructure, minerals, government services and commercial markets.
KBR was one of 26 Houston-area companies that made the Fortune 500 list this year. The company had $7.9 billion in revenue.
In May, KBR won a contract to provide engineering services for a liquified natural gas export facility in Canada.
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Source: http://feedproxy.google.com/~r/vertical_30/~3/ONYSQq2Dhyw/kbf-may-face-kickback-fines.html
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