April 24, 2015 (Shareholders Foundation) - An investigation on behalf of investors of KB Home (NYSE:KBH) shares over potential securities laws violations by KB Home and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of KB Home (NYSE:KBH) concerning 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 December 19, 2013, KB Home reported its 2013 fourth quarter and full year results. KB Home reported that its annual Total Revenue rose from over $1.31 billion for the 12 months period that ended on November 30, 2011 to over $2.09 billion for the 12 months period that ended on November 30, 2013 and that its Net Loss of $178.77 million for the 12 months period that ended on November 30, 2011 turned into a Net Income of $39.96 million for the 12 months period that ended on November 30, 2013. Shares of KB Home (NYSE:KBH) reached as high as $24.32 per share in May 2013.

On January 13, 2015, KB Home reported its 2014 fourth quarter and full year results. KB Home reported that its annual Total Revenue rose from over $2.09 billion for the 12 months period that ended on November 30, 2013 to over $2.4 billion for the 12 months period that ended on November 30, 2014 and that its Net Income for those respective time periods rose from $39.96 million for the 12 months period that ended on November 30, 2013 to $915.66 million Among other things, KB Home also announced that Homebuilding operating income totaled $30.0 million, compared to $47.0 million in the year-earlier quarter and that the current quarter included $34.2 million of inventory impairment charges, of which $23.2 million related to the planned future land sale of a non-strategic asset. Shares of KB Home (NYSE:KBH) declined to as low as $11.76 per share on January 22, 2015.