KB Homes (KBH)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of KB Home ("KB Home” or "the Company") (NYSE: KBH). The investigation concerns whether KB Home and certain of its officers and/or directors have violated federal securities laws.
On June 24, 2020, KB Home issued a press release announcing 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 this news, KB Home’s stock price fell $3.92 per share, or 11.76%, to close at $29.41 per share on June 25, 2020.
If you are aware of any facts relating to this investigation, or purchased KB Home, you can also contact Peretz Bronstein of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.