KBR Drops $103M Army Contract Suit

Law360, New York (November 22, 2010, 4:24 PM EST) -- Kellogg Brown & Root Services Inc. has agreed to drop a $103 million suit against the U.S. government in exchange for an agreement that could prevent the security contractor from being hurt by a one-year statute of limitations while other courts weigh in on the dispute, which concerns allegedly unallowed private security costs billed to the U.S. under an Army logistics support contract.

Chief Judge Emily C. Hewitt of the U.S. Court of Federal Claims dismissed the case without prejudice on Monday, granting a joint motion...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.