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Investigation announced for Investors in shares of KB Home (NYSE: KBH)

07-16-2020 02:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in KB Home (NYSE: KBH) shares over potential securities laws violations by KB Home was announced.

An investigation for investors in KB Home (NYSE: KBH) shares over potential securities laws violations by KB Home was announced.

An investigation was announced over potential securities laws violations by KB Home.

Investors who purchased shares of KB Home (NYSE: KBH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by KB Home regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On June 24, 2020, KB Home announced its financial and operating results for the second quarter of 2020. The Company disclosed that its sales and orders fell significantly more than expected, with net orders declining by 57% in the quarter. Explaining the results, KB Home cited “[t]he negative effects of the COVID-19 pandemic and the related extended public health and governmental measures of varying restrictiveness to contain and combat the outbreak[.]”

On July 15, 2020, NYSE: KBH shares closed at $31.26 per share.

Those who purchased shares of KB Home (NYSE: KBH) have certain options and should contact the Shareholders Foundation.

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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